Chicago City Wire

Former state university employee Alfonso Diaz, who retired in January 2019, saved $59,725 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Diaz would collect as much as $951,127, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Diaz received $19,992 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Diaz will have already received $61,794 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.