Chicago City Wire

Former state university employee Bonnie Goodwin, who retired in January 2019, saved $43,348 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Goodwin would collect as much as $560,057, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Goodwin received $11,772 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Goodwin will have already received $49,250 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.