Quantcast

Chicago City Wire

Thursday, June 5, 2025

Former state university employee Leyva paid in $39K to pension fund, could collect $1.91M in retirement

Shutterstock 267646277

Former state university employee Linda Leyva, who retired in January 2018, saved $38,810 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Leyva would collect as much as $1.91 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Leyva received $40,135 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Leyva will have already received $40,135 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS