Quantcast

Chicago City Wire

Saturday, August 2, 2025

Former state university employee Lockridge paid in $3K to pension fund, could collect $223K in retirement

Shutterstock 434242897

Former state university employee Carolyn Lockridge, who retired in July 2018, saved $3,075 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lockridge would collect as much as $223,018, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lockridge received $4,687 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Lockridge will have already received $4,687 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS