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Chicago City Wire

Wednesday, July 9, 2025

Former state university employee Murray paid in $40K to pension fund, could collect $672K in retirement

Money 02

Former state university employee Susan Murray, who retired in May 2017, saved $39,611 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Murray would collect as much as $672,177, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Murray received $14,128 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Murray will have already received $43,669 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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