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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Ware paid in $34K to pension fund, could collect $215K in retirement

Money 08

Former state university employee Marilyn Ware, who retired in March 2017, saved $33,808 toward a pension over 3 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ware would collect as much as $215,231, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ware received $4,524 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 7 years of retirement, Ware will have already received $34,667 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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