Quantcast

North Cook News

Monday, November 17, 2025

Former state university employee Branham paid in $9K to pension fund, could collect $105K in retirement

Shutterstock 113962678

Former state university employee David Branham, who retired in January 2017, saved $8,717 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Branham would collect as much as $105,257, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Branham received $2,212 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Branham will have already received $9,252 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS