Chicago City Wire

Former state university employee James Sands, who retired in July 2018, saved $11,607 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sands would collect as much as $647,343, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Sands received $13,606 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Sands will have already received $13,606 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.