Chicago City Wire

Chicago City Wire

Wednesday, November 20, 2019

Former state university employee Fisher paid in $88K to pension fund, could collect $2.03M in retirement


By Local Labs News Service | Jun 1, 2017


Former state university employee Laurie Fisher, who retired in May 2017, saved $87,595 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Fisher would collect as much as $2.03 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Fisher received $42,757 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fisher will have already received $132,158 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois at Urbana Champaign

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