Quantcast

Kane County Reporter

Sunday, July 20, 2025

Former state university employee Ford paid in $33K to pension fund, could collect $600K in retirement

Shutterstock 262120544

Former state university employee Susan Ford, who retired in June 2016, saved $32,939 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ford would collect as much as $600,009, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Ford received $12,611 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ford will have already received $38,979 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS