Chicago City Wire

Former state university employee Wesley McCoy, who retired in April 2016, saved $17,245 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McCoy would collect as much as $494,957, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes McCoy received $10,403 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, McCoy will have already received $21,118 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.