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Chicago City Wire

Friday, July 18, 2025

Former state university employee Thomson paid in $59K to pension fund, could collect $3.46M in retirement

Money 07

Former state university employee Douglas Thomson, who retired in June 2017, saved $59,432 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Thomson would collect as much as $3.46 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Thomson received $72,658 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Thomson will have already received $72,658 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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