Quantcast

Chicago City Wire

Wednesday, July 16, 2025

Former state university employee Reynolds paid in $71K to pension fund, could collect $1.28M in retirement

Shutterstock 469426916

Former state university employee Delores Reynolds, who retired in August 2018, saved $71,178 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Reynolds would collect as much as $1.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Reynolds received $26,895 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Reynolds will have already received $83,130 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS