Chicago City Wire

Former state university employee Luis Ortiz, who retired in June 2018, saved $31,686 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ortiz would collect as much as $592,216, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ortiz received $12,447 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ortiz will have already received $38,472 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.