Quantcast

Chicago City Wire

Friday, July 4, 2025

Former state university employee Cameron paid in $10K to pension fund, could collect $666K in retirement

Shutterstock 443523112

Former state university employee Janet Cameron, who retired in August 2016, saved $9,630 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cameron would collect as much as $665,680, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Cameron received $13,992 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Cameron will have already received $13,992 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS