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Chicago City Wire

Sunday, October 5, 2025

Former state university employee Giles paid in $15K to pension fund, could collect $192K in retirement

Money 07

Former state university employee Earlene Giles, who retired in November 2016, saved $15,004 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Giles would collect as much as $191,778, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Giles received $4,031 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Giles will have already received $16,865 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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