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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Stoner paid in $73K to pension fund, could collect $1.63M in retirement

Money 07

Former state university employee Gregg Stoner, who retired in January 2017, saved $73,123 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stoner would collect as much as $1.63 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Stoner received $34,318 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stoner will have already received $106,074 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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