Chicago City Wire

Former state university employee John Lind, who retired in January 2019, saved $1,944 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lind would collect as much as $49,097, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lind received $1,032 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lind will have already received $2,095 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.