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Chicago City Wire

Tuesday, July 29, 2025

Former state university employee Coleman paid in $161K to pension fund, could collect $3.31M in retirement

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Former state university employee Fred Coleman, who retired in January 2016, saved $160,600 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Coleman would collect as much as $3.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Coleman received $69,543 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Coleman will have already received $214,950 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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