Chicago City Wire

Former state university employee Shirley Horton, who retired in November 2018, saved $7,492 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Horton would collect as much as $98,195, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Horton received $2,064 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Horton will have already received $8,636 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.