Metro East Sun

Former state university employee Marvin Finkelstein, who retired in January 2018, saved $206,465 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Finkelstein would collect as much as $5.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Finkelstein received $109,723 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Finkelstein will have already received $222,738 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.