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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Gordon paid in $30K to pension fund, could collect $633K in retirement

Money 04

Former state university employee Gwendolyn Gordon, who retired in January 2017, saved $30,296 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gordon would collect as much as $632,916, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gordon received $13,303 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gordon will have already received $41,118 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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