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Chicago City Wire

Sunday, May 25, 2025

Former state university employee Wiberley paid in $77K to pension fund, could collect $4.05M in retirement

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Former state university employee Stephen Wiberley, who retired in September 2017, saved $77,384 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wiberley would collect as much as $4.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Wiberley received $85,041 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Wiberley will have already received $85,041 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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