Chicago City Wire

Former state university employee Stephen Marten, who retired in June 2018, saved $34,898 toward a pension over 4 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Marten would collect as much as $602,464, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Marten received $12,663 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Marten will have already received $39,140 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.