Chicago City Wire

Former state university employee Miroslav Samardzich, who retired in July 2016, saved $99,464 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Samardzich would collect as much as $1.47 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Samardzich received $30,832 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Samardzich will have already received $128,990 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.