Chicago City Wire

Former state university employee Paul Sefranek, who retired in January 2016, saved $80,758 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sefranek would collect as much as $1.21 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Sefranek received $25,500 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Sefranek will have already received $106,683 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.