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Lake County Gazette

Saturday, June 28, 2025

Former state university employee Colin paid in $4K to pension fund, could collect $113K in retirement

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Former state university employee Daniel Colin, who retired in February 2016, saved $3,514 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Colin would collect as much as $112,725, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Colin received $2,369 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Colin will have already received $4,809 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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