Quantcast

Chicago City Wire

Saturday, July 12, 2025

Former state university employee Candelario paid in $101K to pension fund, could collect $1.93M in retirement

Shutterstock 262120544

Former state university employee Evelyn Candelario, who retired in October 2018, saved $101,463 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Candelario would collect as much as $1.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Candelario received $40,467 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Candelario will have already received $125,079 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS