Chicago City Wire

Former state university employee Larry Vigon, who retired in September 2016, saved $2,790 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Vigon would collect as much as $37,188, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Vigon received $781 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Vigon will have already received $3,266 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.