Chicago City Wire

Former state university employee Darryl McMath, who retired in July 2018, saved $7,461 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McMath would collect as much as $98,766, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes McMath received $2,076 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, McMath will have already received $8,684 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.