Chicago City Wire

Former state university employee Richard Asa, who retired in September 2018, saved $19,720 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Asa would collect as much as $662,820, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Asa received $13,932 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Asa will have already received $28,282 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.