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Chicago City Wire

Friday, June 6, 2025

Former state university employee Hedayat paid in $432K to pension fund, could collect $5.85M in retirement

Money 07

Former state university employee Samad Hedayat, who retired in January 2019, saved $431,873 toward a pension over 40 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hedayat would collect as much as $5.85 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hedayat received $122,964 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Hedayat will have already received $514,437 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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