Chicago City Wire

Former state university employee Joseph Jeannotte, who retired in March 2016, saved $14,019 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jeannotte would collect as much as $220,015, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Jeannotte received $4,624 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Jeannotte will have already received $14,293 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.