Chicago City Wire

Former state university employee Lynne Nellemann, who retired in April 2017, saved $16,118 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Nellemann would collect as much as $237,096, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Nellemann received $4,983 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Nellemann will have already received $20,846 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.