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Chicago City Wire

Friday, June 6, 2025

Former state university employee Uy paid in $160K to pension fund, could collect $2.26M in retirement

Money 06

Former state university employee Maria Uy, who retired in January 2019, saved $160,344 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Uy would collect as much as $2.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Uy received $47,448 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Uy will have already received $198,503 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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