Quantcast

Chicago City Wire

Saturday, June 7, 2025

Former state university employee Plein paid in $16K to pension fund, could collect $952K in retirement

Money 03

Former state university employee Brigitte Plein, who retired in August 2017, saved $16,234 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Plein would collect as much as $951,527, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Plein received $20,000 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Plein will have already received $20,000 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS