Chicago City Wire

Former state university employee Isidro Martinez, who retired in July 2018, saved $34,882 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Martinez would collect as much as $509,264, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Martinez received $10,704 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Martinez will have already received $44,782 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.