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North Cook News

Saturday, June 7, 2025

Former state university employee Foster paid in $185K to pension fund, could collect $4.49M in retirement

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Former state university employee Daniel Foster, who retired in August 2016, saved $185,467 toward a pension over 36 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Foster would collect as much as $4.49 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Foster received $94,304 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Foster will have already received $191,437 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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