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Chicago City Wire

Sunday, July 6, 2025

Former state university employee Gonzalez paid in $60K to pension fund, could collect $1.29M in retirement

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Former state university employee Gloria Gonzalez, who retired in June 2016, saved $59,734 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gonzalez would collect as much as $1.29 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gonzalez received $27,200 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gonzalez will have already received $84,072 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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