Chicago City Wire

Former state university employee Dennis Ramos, who retired in July 2018, saved $84,050 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ramos would collect as much as $2 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ramos received $42,002 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Ramos will have already received $85,264 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.