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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Quinn paid in $117K to pension fund, could collect $3.02M in retirement

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Former state university employee Steven Quinn, who retired in July 2018, saved $117,254 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Quinn would collect as much as $3.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Quinn received $63,384 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Quinn will have already received $128,670 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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