Chicago City Wire

Former state university employee Irving Curtis, who retired in January 2016, saved $59,932 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Curtis would collect as much as $1.78 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Curtis received $37,441 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Curtis will have already received $76,005 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.