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Chicago City Wire

Saturday, June 7, 2025

Former state university employee Sivils paid in $13K to pension fund, could collect $562K in retirement

Money 01

Former state university employee Jean Sivils, who retired in June 2017, saved $12,672 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sivils would collect as much as $562,124, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Sivils received $11,815 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Sivils will have already received $23,984 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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