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Chicago City Wire

Wednesday, August 6, 2025

Former state university employee Murray paid in $27K to pension fund, could collect $1.39M in retirement

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Former state university employee Timothy Murray, who retired in May 2017, saved $26,835 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Murray would collect as much as $1.39 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Murray received $29,290 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Murray will have already received $29,290 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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