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Chicago City Wire

Saturday, June 7, 2025

Former state university employee Melian paid in $150K to pension fund, could collect $4.23M in retirement

Money 03

Former state university employee Carlos Melian, who retired in June 2017, saved $150,350 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Melian 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 Melian received $89,000 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Melian will have already received $180,670 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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