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North Cook News

Monday, November 17, 2025

Former state university employee Rapp paid in $40K to pension fund, could collect $633K in retirement

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Former state university employee Thomas Rapp, who retired in September 2018, saved $39,774 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Rapp would collect as much as $633,133, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Rapp received $13,308 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rapp will have already received $41,133 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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