Dupage Policy Journal

Former state university employee Filiberto Soriano, who retired in October 2018, saved $36,113 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Soriano would collect as much as $505,387, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Soriano received $10,622 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Soriano will have already received $44,439 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.