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Chicago City Wire

Saturday, July 12, 2025

Former state university employee Randle paid in $143K to pension fund, could collect $1.77M in retirement

Money 08

Former state university employee Simone Randle, who retired in October 2018, saved $143,415 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Randle would collect as much as $1.77 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Randle received $37,154 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Randle will have already received $155,440 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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