Dupage Policy Journal

Former state university employee Michael Cluver, who retired in June 2016, saved $497 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cluver would collect as much as $128,396, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Cluver received $2,698 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Cluver will have already received $2,698 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.