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Chicago City Wire

Tuesday, July 29, 2025

Former state university employee Gaylord paid in $75K to pension fund, could collect $1.76M in retirement

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Former state university employee Karen Gaylord, who retired in January 2016, saved $74,696 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gaylord would collect as much as $1.76 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gaylord received $36,922 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Gaylord will have already received $74,952 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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