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Chicago City Wire

Friday, May 23, 2025

Former state university employee Whiteside paid in $93K to pension fund, could collect $2.76M in retirement

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Former state university employee Dane Whiteside, who retired in March 2016, saved $92,816 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Whiteside would collect as much as $2.76 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Whiteside received $58,015 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Whiteside will have already received $117,770 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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