Chicago City Wire

Former state university employee Sally Sedgwick, who retired in January 2019, saved $143,610 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sedgwick would collect as much as $1.83 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Sedgwick received $38,556 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Sedgwick will have already received $161,304 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.