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Chicago City Wire

Monday, July 28, 2025

Former state university employee Wei paid in $6K to pension fund, could collect $452K in retirement

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Former state university employee Sha Lan Wei, who retired in January 2016, saved $6,329 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wei would collect as much as $452,151, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Wei received $9,503 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Wei will have already received $9,503 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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