Chicago City Wire

Former state university employee Anne Volkman, who retired in February 2017, saved $12,801 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Volkman would collect as much as $184,527, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Volkman received $3,878 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Volkman will have already received $16,223 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.