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Chicago City Wire

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Former state university employee Leventhal paid in $194K to pension fund, could collect $3.38M in retirement

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By Local Labs News Service | Aug 1, 2017

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Former state university employee Brian Leventhal, who retired in July 2017, saved $193,554 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Leventhal would collect as much as $3.38 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Leventhal received $71,119 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Leventhal will have already received $219,823 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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