Chicago City Wire

Former state university employee Charles Cook, who retired in May 2018, saved $55,491 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cook would collect as much as $900,202, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Cook received $18,921 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cook will have already received $58,484 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.