Chicago City Wire

Former state university employee Randolph Savage, who retired in January 2016, saved $2,730 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Savage would collect as much as $40,876, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Savage received $859 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Savage will have already received $3,595 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.