Quantcast

Chicago City Wire

Saturday, October 4, 2025

Former state university employee Chapman paid in $3K to pension fund, could collect $163K in retirement

Shutterstock 450769633

Former state university employee Leonard Chapman, who retired in July 2017, saved $3,266 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Chapman would collect as much as $162,941, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Chapman received $3,424 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Chapman will have already received $3,424 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS