Chicago City Wire

Former state university employee Linda Franco, who retired in September 2016, saved $35,780 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Franco would collect as much as $591,760, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Franco received $12,438 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Franco will have already received $38,444 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.