Quantcast

Chicago City Wire

Saturday, October 4, 2025

Former state university employee Jimenez paid in $3K to pension fund, could collect $71K in retirement

Money041

Former state university employee Donna Jimenez, who retired in July 2017, saved $2,525 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jimenez would collect as much as $71,328, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Jimenez received $1,499 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Jimenez will have already received $3,043 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS