Quantcast

Chicago City Wire

Sunday, August 3, 2025

Former state university employee Pham paid in $11K to pension fund, could collect $573K in retirement

Shutterstock 369740408

Former state university employee Diana Pham, who retired in September 2016, saved $11,419 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Pham would collect as much as $572,606, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Pham received $12,035 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Pham will have already received $12,035 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS