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Chicago City Wire

Tuesday, May 27, 2025

Former state university employee Angara paid in $159K to pension fund, could collect $2.72M in retirement

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Former state university employee Maria Socorro Angara, who retired in January 2018, saved $159,407 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Angara would collect as much as $2.72 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Angara received $57,197 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Angara will have already received $176,790 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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