Quantcast

Chicago City Wire

Saturday, October 4, 2025

Former state university employee Aldridge paid in $12K to pension fund, could collect $252K in retirement

Shutterstock 443523118

Former state university employee Jennifer Aldridge, who retired in February 2018, saved $11,664 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Aldridge would collect as much as $252,437, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Aldridge received $5,306 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Aldridge will have already received $16,400 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS