Quantcast

Chicago City Wire

Sunday, May 25, 2025

Former state university employee Mahler paid in $73K to pension fund, could collect $958K in retirement

Money 04

Former state university employee Janet Mahler, who retired in June 2017, saved $72,944 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mahler would collect as much as $957,538, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Mahler received $20,126 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Mahler will have already received $84,201 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS