Quantcast

Chicago City Wire

Tuesday, August 5, 2025

Former state university employee Compton paid in $38K to pension fund, could collect $776K in retirement

Shutterstock 225154648

Former state university employee William Compton, who retired in April 2018, saved $38,116 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Compton would collect as much as $776,367, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Compton received $16,318 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Compton will have already received $50,438 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS