Quantcast

Chicago City Wire

Saturday, August 2, 2025

Former state university employee Mosley paid in $48K to pension fund, could collect $727K in retirement

Money 08

Former state university employee Jill Mosley, who retired in June 2016, saved $47,766 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mosley would collect as much as $726,642, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Mosley received $15,273 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Mosley will have already received $63,896 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS