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South Cook News

Sunday, May 18, 2025

Former state university employee Copp paid in $6K to pension fund, could collect $83K in retirement

Money 08

Former state university employee Robert Copp, who retired in December 2016, saved $6,027 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Copp would collect as much as $83,260, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Copp received $1,750 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Copp will have already received $7,323 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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