Quantcast

Chicago City Wire

Saturday, October 18, 2025

Former state university employee Byrne paid in $21K to pension fund, could collect $380K in retirement

Shutterstock 443523118

Former state university employee William Byrne, who retired in December 2017, saved $21,254 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Byrne would collect as much as $379,771, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Byrne received $7,982 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Byrne will have already received $24,671 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS