Chicago City Wire

Former state university employee Hugh McHugh, who retired in July 2018, saved $7,865 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McHugh would collect as much as $76,484, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes McHugh received $1,607 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, McHugh will have already received $8,532 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.