Chicago City Wire

Former state university employee Dean Angelo, who retired in October 2016, saved $2,680 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Angelo would collect as much as $88,615, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Angelo received $1,862 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Angelo will have already received $3,780 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.