Chicago City Wire

Former state university employee Tong Wang, who retired in January 2017, saved $36,426 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wang would collect as much as $501,922, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Wang received $10,550 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Wang will have already received $44,139 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.