Chicago City Wire

Former state university employee Jo Ann Allen, who retired in January 2019, saved $26,111 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Allen would collect as much as $336,833, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Allen received $7,080 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Allen will have already received $29,619 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.