Former state university employee Chilelli paid in $27K to pension fund, could collect $277K in retirement

Former state university employee Theresa Chilelli, who retired in May 2016, saved $26,816 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Chilelli would collect as much as $276,883, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Chilelli received $5,819 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Chilelli will have already received $30,896 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.