Chicago City Wire

Former state university employee Rene Jackson, who retired in January 2016, saved $184,181 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jackson would collect as much as $4.33 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Jackson received $91,095 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Jackson will have already received $184,923 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.