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Chicago City Wire

Sunday, August 3, 2025

Former state university employee D'Angelo paid in $128K to pension fund, could collect $6.4M in retirement

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Former state university employee John D'Angelo, who retired in June 2018, saved $128,274 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, D'Angelo would collect as much as $6.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes D'Angelo received $134,563 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, D'Angelo will have already received $134,563 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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