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Sangamon Sun

Monday, August 4, 2025

Former state university employee Bossert paid in $183K to pension fund, could collect $3.5M in retirement

Money 01

Former state university employee Teresa Bossert, who retired in June 2018, saved $183,075 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bossert would collect as much as $3.5 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Bossert received $73,540 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bossert will have already received $227,304 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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