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Chicago City Wire

Friday, October 3, 2025

Former state university employee Crowley paid in $116K to pension fund, could collect $2.57M in retirement

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Former state university employee David Crowley, who retired in January 2016, saved $115,854 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Crowley would collect as much as $2.57 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Crowley received $54,054 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Crowley will have already received $167,076 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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