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Chambana Sun

Saturday, October 4, 2025

Former state university employee Stewart paid in $91K to pension fund, could collect $2.31M in retirement

Money 07

Former state university employee Susan Stewart, who retired in March 2017, saved $91,307 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stewart would collect as much as $2.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Stewart received $48,474 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Stewart will have already received $98,402 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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