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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Ventura paid in $48K to pension fund, could collect $2.38M in retirement

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Former state university employee Norma Ventura, who retired in September 2016, saved $48,327 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ventura would collect as much as $2.38 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ventura received $50,100 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Ventura will have already received $50,100 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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