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Lake County Gazette

Sunday, June 29, 2025

Former state university employee Cahill paid in $31K to pension fund, could collect $492K in retirement

Money 08

Former state university employee Claudia Cahill, who retired in January 2018, saved $30,829 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cahill would collect as much as $491,554, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Cahill received $10,332 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cahill will have already received $31,935 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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