Chicago City Wire

Former state university employee Pamela Palmer Evans, who retired in July 2017, saved $43,913 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Palmer Evans would collect as much as $690,886, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Palmer Evans received $14,521 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Palmer Evans will have already received $44,884 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.