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North Cook News

Saturday, May 17, 2025

Former state university employee Allen paid in $45K to pension fund, could collect $929K in retirement

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Former state university employee Diana Allen, who retired in June 2018, saved $45,134 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Allen would collect as much as $928,862, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Allen received $19,524 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Allen will have already received $60,347 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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