Chicago City Wire

Former state university employee George Walker, who retired in February 2016, saved $41,986 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Walker would collect as much as $640,224, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Walker received $13,457 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Walker will have already received $56,300 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.