Chicago City Wire

Former state university employee Jeffrey MacOmber, who retired in December 2018, saved $19,079 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, MacOmber would collect as much as $946,560, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes MacOmber received $19,896 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, MacOmber will have already received $19,896 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.