Chicago City Wire

Former state university employee Pamela McCleton, who retired in August 2018, saved $38,243 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McCleton would collect as much as $539,921, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes McCleton received $11,348 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, McCleton will have already received $47,475 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.