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Will County Gazette

Friday, June 20, 2025

Former state university employee Gandy paid in $84K to pension fund, could collect $1.96M in retirement

Money759

Former state university employee Sandra Gandy, who retired in June 2018, saved $83,951 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gandy would collect as much as $1.96 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Gandy received $41,206 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gandy will have already received $127,363 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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