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Chicago City Wire

Wednesday, August 6, 2025

Former state university employee Randolph paid in $9K to pension fund, could collect $1.1M in retirement

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Former state university employee Tressa Randolph, who retired in June 2017, saved $8,886 toward a pension over 4 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Randolph would collect as much as $1.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Randolph received $23,205 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Randolph will have already received $23,205 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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