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Chicago City Wire

Sunday, August 3, 2025

Former state university employee Bunick paid in $193K to pension fund, could collect $4.23M in retirement

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Former state university employee David Bunick, who retired in January 2017, saved $192,796 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bunick would collect as much as $4.23 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Bunick received $88,843 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bunick will have already received $274,604 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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