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Chicago City Wire

Saturday, May 31, 2025

Former state university employee Bush paid in $28K to pension fund, could collect $840K in retirement

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Former state university employee Jimmie Bush, who retired in May 2016, saved $27,537 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bush would collect as much as $839,978, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Bush received $17,655 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bush will have already received $35,840 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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