Chicago City Wire

Former state university employee Yongliang Li, who retired in August 2018, saved $52,942 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Li would collect as much as $690,224, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Li received $14,508 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Li will have already received $60,695 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.