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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Dassoff paid in $182K to pension fund, could collect $2.74M in retirement

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Former state university employee Nancy Dassoff, who retired in September 2016, saved $182,007 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dassoff would collect as much as $2.74 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Dassoff received $57,631 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dassoff will have already received $241,107 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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