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Chicago City Wire

Sunday, June 1, 2025

Former state university employee Quinn paid in $186K to pension fund, could collect $3.54M in retirement

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Former state university employee Gregory Quinn, who retired in July 2018, saved $185,855 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Quinn would collect as much as $3.54 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Quinn received $74,388 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Quinn will have already received $229,927 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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