Dupage Policy Journal

Former state university employee David Nasgowitz, who retired in June 2016, saved $17,013 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Nasgowitz would collect as much as $517,571, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Nasgowitz received $10,878 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Nasgowitz will have already received $22,082 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.