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Chicago City Wire

Sunday, May 25, 2025

Former state university employee Buckley paid in $12K to pension fund, could collect $484K in retirement

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Former state university employee Timothy Buckley, who retired in October 2017, saved $11,627 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Buckley would collect as much as $483,704, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Buckley received $10,167 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Buckley will have already received $20,639 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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