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Chicago City Wire

Monday, July 7, 2025

Former state university employee Allen paid in $108K to pension fund, could collect $4.28M in retirement

Money 04

Former state university employee Bradley Allen, who retired in September 2016, saved $107,544 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Allen would collect as much as $4.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Allen received $89,882 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Allen will have already received $182,460 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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