Chicago City Wire

Former state university employee David Slagle, who retired in January 2016, saved $262,978 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Slagle would collect as much as $5.21 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Slagle received $109,456 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Slagle will have already received $338,318 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.