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Chicago City Wire

Monday, June 2, 2025

Former state university employee Harris paid in $61K to pension fund, could collect $1.13M in retirement

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Former state university employee Janice Harris, who retired in September 2018, saved $61,214 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Harris would collect as much as $1.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Harris received $23,721 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Harris will have already received $73,320 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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