Chicago City Wire

Former state university employee Stephen Schlickman, who retired in January 2016, saved $78,421 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Schlickman would collect as much as $1.81 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Schlickman received $38,122 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Schlickman will have already received $117,832 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.