Chicago City Wire

Former state university employee Terry Deprey, who retired in August 2018, saved $16,180 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Deprey would collect as much as $254,749, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Deprey received $5,354 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Deprey will have already received $16,549 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.