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Former state university employee Lewis paid in $34K to pension fund, could collect $920K in retirement

Schools

By Local Labs News Service | Aug 1, 2018

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Former state university employee Diana Lewis, who retired in July 2018, saved $34,030 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lewis would collect as much as $919,756, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lewis received $19,332 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lewis will have already received $39,244 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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