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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Hurst paid in $91K to pension fund, could collect $1.54M in retirement

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Former state university employee Stephen Hurst, who retired in September 2016, saved $91,243 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hurst would collect as much as $1.54 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hurst received $32,322 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hurst will have already received $99,905 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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