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Chicago City Wire

Thursday, July 3, 2025

Former state university employee Jeyakumar paid in $42K to pension fund, could collect $596K in retirement

Money272

Former state university employee Muthu Jeyakumar, who retired in June 2016, saved $41,629 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jeyakumar would collect as much as $595,882, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Jeyakumar received $12,525 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Jeyakumar will have already received $52,401 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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