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Chicago City Wire

Sunday, June 1, 2025

Former state university employee Marshall paid in $220K to pension fund, could collect $3.83M in retirement

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Former state university employee Shawn Marshall, who retired in July 2018, saved $219,884 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Marshall would collect as much as $3.83 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Marshall received $80,532 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Marshall will have already received $248,916 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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