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Chicago City Wire

Tuesday, July 8, 2025

Former state university employee Kim paid in $104K to pension fund, could collect $3.03M in retirement

Money 04

Former state university employee Kathleen Kim, who retired in March 2017, saved $104,167 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kim would collect as much as $3.03 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kim received $63,632 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kim will have already received $129,173 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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