Chicago City Wire

Former state university employee Derrick Lollar, who retired in February 2016, saved $57,462 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lollar would collect as much as $1.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lollar received $22,041 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lollar will have already received $68,126 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.