Chicago City Wire

Former state university employee Bruce Rosenzweig, who retired in October 2016, saved $105,703 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Rosenzweig would collect as much as $4.47 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Rosenzweig received $93,855 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Rosenzweig will have already received $190,526 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.