Quantcast

Chicago City Wire

Saturday, August 2, 2025

Former state university employee Weis paid in $27K to pension fund, could collect $1.12M in retirement

Money 05

Former state university employee Rodney Weis, who retired in July 2018, saved $26,866 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Weis would collect as much as $1.12 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Weis received $23,583 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Weis will have already received $47,873 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS