Chicago City Wire

Former state university employee Hossein Sagha, who retired in July 2017, saved $23,327 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sagha would collect as much as $479,240, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Sagha received $10,073 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sagha will have already received $31,134 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.