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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Fitzner paid in $119K to pension fund, could collect $2.59M in retirement

Money041

Former state university employee Pamela Fitzner, who retired in August 2016, saved $118,615 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Fitzner would collect as much as $2.59 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Fitzner received $54,384 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fitzner will have already received $168,096 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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