Quantcast

Chicago City Wire

Sunday, September 21, 2025

Former state university employee Hardin paid in $29K to pension fund, could collect $525K in retirement

Shutterstock 225154648

Former state university employee Jerome Hardin, who retired in May 2016, saved $29,358 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hardin would collect as much as $524,907, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hardin received $11,033 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hardin will have already received $34,102 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS