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DeKalb Times

Saturday, June 14, 2025

Former state university employee Wright paid in $106K to pension fund, could collect $2.36M in retirement

Money 05

Former state university employee Jerry Wright, who retired in January 2018, saved $106,443 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wright would collect as much as $2.36 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Wright received $49,709 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wright will have already received $153,645 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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