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Chicago City Wire

Monday, July 14, 2025

Former state university employee Savickiene paid in $25K to pension fund, could collect $519K in retirement

Money 05

Former state university employee Danute Savickiene, who retired in August 2016, saved $24,831 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Savickiene would collect as much as $519,489, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Savickiene received $10,919 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Savickiene will have already received $33,750 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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