Quantcast

Chicago City Wire

Friday, August 1, 2025

Former state university employee Coleman paid in $221K to pension fund, could collect $4.23M in retirement

Money 07

Former state university employee Helen Coleman, who retired in September 2018, saved $220,564 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Coleman would collect as much as $4.23 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Coleman received $89,004 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Coleman will have already received $275,102 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS