Chicago City Wire

Former state university employee Rohitkumar Joshi, who retired in October 2016, saved $65,656 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Joshi would collect as much as $1.65 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Joshi received $34,743 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Joshi will have already received $70,528 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.