Chicago City Wire

Former state university employee Mark Kuhlenschmidt, who retired in January 2016, saved $215,108 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kuhlenschmidt would collect as much as $6.3 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kuhlenschmidt received $132,430 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kuhlenschmidt will have already received $268,833 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.