Chicago City Wire

Former state university employee Sherry Danielson, who retired in May 2016, saved $28,187 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Danielson would collect as much as $468,364, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Danielson received $9,844 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Danielson will have already received $30,426 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.