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South Cook News

Sunday, July 6, 2025

Former state university employee Rosa paid in $2K to pension fund, could collect $29K in retirement

Money 06

Former state university employee Anthony Rosa, who retired in September 2016, saved $2,288 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Rosa would collect as much as $28,893, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Rosa received $607 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Rosa will have already received $2,539 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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