Chicago City Wire

Former state university employee Kimberly Vayr, who retired in March 2016, saved $50,390 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Vayr would collect as much as $652,755, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Vayr received $13,720 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Vayr will have already received $57,401 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.