Chicago City Wire

Chicago City Wire

Sunday, November 17, 2019

Former state university employee Trezise paid in $28K to pension fund, could collect $471K in retirement

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By Local Labs News Service | Mar 1, 2019

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Former state university employee Raymond Trezise, who retired in February 2019, saved $27,538 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Trezise would collect as much as $470,996, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Trezise received $9,900 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Trezise will have already received $30,600 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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