Chicago City Wire

Former state university employee John Zuckerman, who retired in January 2016, saved $88,561 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Zuckerman would collect as much as $4.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Zuckerman received $86,181 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Zuckerman will have already received $174,947 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.