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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Irish paid in $55K to pension fund, could collect $886K in retirement

Money836

Former state university employee Sharon Irish, who retired in September 2018, saved $55,300 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Irish would collect as much as $886,044, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Irish received $18,624 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Irish will have already received $57,565 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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