Chicago City Wire

Former state university employee Thomas Voigt, who retired in January 2019, saved $172,195 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Voigt would collect as much as $3.52 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Voigt received $73,908 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Voigt will have already received $228,442 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.