Quantcast

Chicago City Wire

Wednesday, July 9, 2025

Former state university employee Mitchell Lawshea paid in $8K to pension fund, could collect $1.28M in retirement

Money 03

Former state university employee Jacqueline Mitchell Lawshea, who retired in August 2017, saved $7,859 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mitchell Lawshea would collect as much as $1.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Mitchell Lawshea received $26,872 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Mitchell Lawshea will have already received $26,872 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS