Chicago City Wire

Chicago City Wire

Monday, November 18, 2019

Former state university employee Stull paid in $139K to pension fund, could collect $2.22M in retirement

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By Local Labs News Service | Feb 1, 2019

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Former state university employee Robert Stull, who retired in January 2019, saved $138,906 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stull would collect as much as $2.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Stull received $46,752 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stull will have already received $144,507 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois at Urbana Champaign

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