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Chicago City Wire

Monday, July 7, 2025

Former state university employee Clifford paid in $8K to pension fund, could collect $249K in retirement

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Former state university employee Mary Clifford, who retired in May 2016, saved $7,729 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Clifford would collect as much as $248,788, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Clifford received $5,229 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Clifford will have already received $10,615 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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