Dupage Policy Journal

Former state university employee Mary Chennell, who retired in June 2018, saved $14,937 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Chennell would collect as much as $264,191, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Chennell received $5,553 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Chennell will have already received $17,165 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.