Chicago City Wire

Former state university employee G. Later, who retired in May 2017, saved $6,975 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Later would collect as much as $274,473, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Later received $5,769 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Later will have already received $11,711 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.