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Chicago City Wire

Thursday, July 10, 2025

Former state university employee Tertell paid in $192K to pension fund, could collect $4.39M in retirement

Money 05

Former state university employee Mary Tertell, who retired in April 2018, saved $192,184 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Tertell would collect as much as $4.39 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Tertell received $92,361 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tertell will have already received $285,479 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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