Chicago City Wire

Former state university employee Frank Kucera, who retired in February 2018, saved $65,484 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kucera would collect as much as $1.01 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kucera received $21,161 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kucera will have already received $88,531 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.