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Chicago City Wire

Monday, July 7, 2025

Former state university employee Randle paid in $49K to pension fund, could collect $1.14M in retirement

Money041

Former state university employee Mary Randle, who retired in January 2016, saved $48,783 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Randle would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Randle received $23,886 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Randle will have already received $73,830 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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