Quantcast

Chicago City Wire

Friday, August 1, 2025

Former state university employee Kozuch paid in $50K to pension fund, could collect $654K in retirement

Shutterstock 225154648

Former state university employee Laura Kozuch, who retired in September 2018, saved $49,530 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kozuch would collect as much as $654,137, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kozuch received $13,749 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kozuch will have already received $57,520 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS