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Chicago City Wire

Friday, April 4, 2025

Former state university employee Miller paid in $98K to pension fund, could collect $2.27M in retirement

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Former state university employee Gwendolyn Miller, who retired in January 2016, saved $97,593 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Miller would collect as much as $2.27 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Miller received $47,687 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Miller will have already received $147,397 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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