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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Butler paid in $97K to pension fund, could collect $2.46M in retirement

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Former state university employee Kerry Butler, who retired in June 2018, saved $97,006 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Butler would collect as much as $2.46 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Butler received $51,755 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Butler will have already received $105,063 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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