Chicago City Wire

Former state university employee Kenneth Klinkner, who retired in January 2016, saved $43,652 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Klinkner would collect as much as $481,038, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Klinkner received $10,111 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Klinkner will have already received $53,678 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.