Quantcast

Dupage Policy Journal

Saturday, July 5, 2025

Former state university employee Agruss paid in $35K to pension fund, could collect $875K in retirement

Shutterstock 262120544

Former state university employee Alice Agruss, who retired in October 2016, saved $34,595 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Agruss would collect as much as $874,517, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Agruss received $18,381 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Agruss will have already received $37,313 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