Chicago City Wire

Former state university employee John Humlicek, who retired in March 2019, saved $107,666 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Humlicek would collect as much as $1.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Humlicek received $29,544 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Humlicek will have already received $123,600 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.