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Chicago City Wire

Friday, July 18, 2025

Former state university employee Thompson Hill paid in $43K to pension fund, could collect $1.22M in retirement

Money 06

Former state university employee Pamela Thompson Hill, who retired in April 2018, saved $43,065 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Thompson Hill would collect as much as $1.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Thompson Hill received $25,570 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Thompson Hill will have already received $51,907 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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