Chicago City Wire

Former state university employee Dominic Saviano, who retired in January 2016, saved $27,656 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Saviano would collect as much as $415,116, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Saviano received $8,725 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Saviano will have already received $36,504 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.