Chicago City Wire

Former state university employee William Jaeger, who retired in July 2017, saved $11,101 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jaeger would collect as much as $900,368, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Jaeger received $18,925 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Jaeger will have already received $18,925 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.