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Chicago City Wire

Wednesday, July 9, 2025

Former state university employee Brown paid in $28K to pension fund, could collect $823K in retirement

Money041

Former state university employee Allene Brown, who retired in July 2017, saved $28,259 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Brown would collect as much as $823,239, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Brown received $17,303 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Brown will have already received $35,125 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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