Quantcast

Chicago City Wire

Sunday, May 25, 2025

Former state university employee Sikora paid in $7K to pension fund, could collect $445K in retirement

Shutterstock 233512279

Former state university employee Sharon Sikora, who retired in September 2017, saved $6,804 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sikora would collect as much as $444,734, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Sikora received $9,348 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Sikora will have already received $9,348 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS