Chicago City Wire

Former state university employee Jeffery Henry, who retired in February 2017, saved $42,709 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Henry would collect as much as $548,673, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Henry received $11,532 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Henry will have already received $48,245 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.