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Will County Gazette

Monday, July 14, 2025

Former state university employee Creighton paid in $48K to pension fund, could collect $904K in retirement

Money 02

Former state university employee Jane Creighton, who retired in December 2017, saved $48,081 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Creighton would collect as much as $903,628, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Creighton received $18,993 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Creighton will have already received $58,706 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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