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Chicago City Wire

Sunday, August 3, 2025

Former state university employee McKim paid in $272K to pension fund, could collect $5.39M in retirement

Money 01

Former state university employee Robert McKim, who retired in June 2018, saved $272,194 toward a pension over 35 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McKim would collect as much as $5.39 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes McKim received $113,230 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McKim will have already received $349,983 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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