Quantcast

Chicago City Wire

Wednesday, August 6, 2025

Former state university employee Perry paid in $34K to pension fund, could collect $935K in retirement

Money272

Former state university employee Jamie Perry, who retired in January 2018, saved $33,848 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Perry would collect as much as $935,045, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Perry received $19,653 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Perry will have already received $39,896 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS