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Will County Gazette

Friday, June 20, 2025

Former state university employee Knox paid in $47K to pension fund, could collect $804K in retirement

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Former state university employee Ora Knox, who retired in July 2018, saved $46,546 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Knox would collect as much as $803,577, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Knox received $16,890 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Knox will have already received $52,206 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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