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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Perez paid in $199K to pension fund, could collect $2.34M in retirement

Money 02

Former state university employee Patrice Perez, who retired in January 2017, saved $198,811 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Perez would collect as much as $2.34 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Perez received $49,132 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Perez will have already received $205,550 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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