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Chicago City Wire

Wednesday, April 30, 2025

Former state university employee Fortier paid in $54K to pension fund, could collect $2.76M in retirement

Money 04

Former state university employee Andrew Fortier, who retired in January 2016, saved $53,716 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Fortier 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 Fortier received $57,967 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Fortier will have already received $57,967 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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