Chicago City Wire

Former state university employee Ishrat Samad, who retired in January 2018, saved $3,094 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Samad would collect as much as $176,249, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Samad received $3,704 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Samad will have already received $3,704 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.