Quantcast

Chicago City Wire

Monday, June 30, 2025

Former state university employee Tomlin paid in $1K to pension fund, could collect $58K in retirement

Shutterstock 450769633

Former state university employee Avise Tomlin, who retired in April 2018, saved $1,221 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Tomlin would collect as much as $58,232, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Tomlin received $1,224 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Tomlin will have already received $1,224 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS