Quantcast

Chicago City Wire

Saturday, August 2, 2025

Former state university employee Breen paid in $192K to pension fund, could collect $3.94M in retirement

Shutterstock 225154648

Former state university employee Alexander Breen, who retired in August 2018, saved $192,280 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Breen would collect as much as $3.94 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Breen received $82,840 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Breen will have already received $256,050 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS