Chicago City Wire

Former state university employee Kenneth Roemer, who retired in January 2018, saved $46,147 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Roemer would collect as much as $954,935, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Roemer received $20,072 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Roemer will have already received $62,040 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.