Chicago City Wire

Former state university employee Cindy Ledonne, who retired in March 2016, saved $46,410 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ledonne would collect as much as $708,464, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ledonne received $14,891 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Ledonne will have already received $62,299 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.