East Central Reporter

Former state university employee Mahyar Izadi, who retired in January 2018, saved $230,669 toward a pension over 34 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Izadi would collect as much as $5.72 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Izadi received $120,215 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Izadi will have already received $244,036 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.