Quantcast

Chicago City Wire

Thursday, June 5, 2025

Former state university employee Massie paid in $97K to pension fund, could collect $1.4M in retirement

Shutterstock 225154648

Former state university employee Mary Massie, who retired in November 2018, saved $96,734 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Massie would collect as much as $1.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Massie received $29,412 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Massie will have already received $123,048 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS