Chicago City Wire

Former state university employee Linda Walter, who retired in May 2018, saved $35,239 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Walter would collect as much as $723,553, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Walter received $15,208 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Walter will have already received $47,006 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.