Quantcast

Chicago City Wire

Sunday, October 5, 2025

Former state university employee Fresco paid in $126K to pension fund, could collect $3.82M in retirement

Shutterstock 434242897

Former state university employee Karen Fresco, who retired in July 2017, saved $125,821 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Fresco would collect as much as $3.82 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Fresco received $80,223 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Fresco will have already received $162,853 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS