Quantcast

Chicago City Wire

Monday, July 7, 2025

Former state university employee Esser paid in $3K to pension fund, could collect $45K in retirement

Money 01

Former state university employee Mark Esser, who retired in January 2019, saved $3,387 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Esser would collect as much as $45,101, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Esser received $948 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Esser will have already received $3,964 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS