Dupage Policy Journal

Former state university employee Stacey Vassallo, who retired in October 2018, saved $69,924 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Vassallo would collect as much as $1.06 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Vassallo received $22,379 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Vassallo will have already received $93,625 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.