Quantcast

Chicago City Wire

Tuesday, August 5, 2025

Former state university employee Blair paid in $19K to pension fund, could collect $500K in retirement

Money 06

Former state university employee Margaret Blair, who retired in April 2018, saved $19,053 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Blair would collect as much as $499,598, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Blair received $10,501 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Blair will have already received $21,317 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS