Quantcast

Chicago City Wire

Saturday, August 2, 2025

Former state university employee Ferguson paid in $135K to pension fund, could collect $2.08M in retirement

Money836

Former state university employee Duncan Ferguson, who retired in September 2016, saved $134,845 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ferguson would collect as much as $2.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ferguson received $43,641 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ferguson will have already received $134,890 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS