Chicago City Wire

Former state university employee Loretta Capeheart, who retired in December 2018, saved $65,927 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Capeheart would collect as much as $808,972, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Capeheart received $17,004 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Capeheart will have already received $71,137 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.