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Chicago City Wire

Friday, June 6, 2025

Former state university employee Saunders paid in $68K to pension fund, could collect $1.41M in retirement

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Former state university employee Rejeta Saunders, who retired in January 2019, saved $67,596 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Saunders would collect as much as $1.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Saunders received $29,568 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Saunders will have already received $91,392 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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