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South Cook News

Saturday, June 7, 2025

Former state university employee Suggett paid in $141K to pension fund, could collect $1.35M in retirement

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Former state university employee Elizabeth Suggett, who retired in August 2016, saved $141,127 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Suggett would collect as much as $1.35 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Suggett received $28,459 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Suggett will have already received $151,093 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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