Chicago City Wire

Former state university employee Barbara Pearce, who retired in January 2018, saved $50,345 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Pearce would collect as much as $901,675, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Pearce received $18,952 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pearce will have already received $58,580 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.