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Lake County Gazette

Sunday, June 29, 2025

Former state university employee Delgado paid in $5K to pension fund, could collect $124K in retirement

Money041

Former state university employee Fernando Delgado, who retired in January 2016, saved $5,459 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Delgado would collect as much as $123,760, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Delgado received $2,601 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Delgado will have already received $8,039 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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