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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Lackey paid in $35K to pension fund, could collect $548K in retirement

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Former state university employee Donna Lackey, who retired in July 2018, saved $35,377 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lackey would collect as much as $547,886, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lackey received $11,516 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lackey will have already received $35,594 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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