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South Cook News

Thursday, June 19, 2025

Former state university employee Hooper paid in $13K to pension fund, could collect $184K in retirement

Money 08

Former state university employee David Hooper, who retired in January 2019, saved $13,139 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hooper would collect as much as $184,402, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Hooper received $3,876 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Hooper will have already received $16,215 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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