Quantcast

Chicago City Wire

Sunday, October 5, 2025

Former state university employee Wieland paid in $13K to pension fund, could collect $198K in retirement

Shutterstock 233512279

Former state university employee Peggy Wieland, who retired in August 2017, saved $13,126 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wieland would collect as much as $197,955, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Wieland received $4,160 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Wieland will have already received $17,405 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS