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Chicago City Wire

Wednesday, July 9, 2025

Former state university employee Daly paid in $2K to pension fund, could collect $51K in retirement

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Former state university employee Patrick Daly, who retired in August 2017, saved $1,937 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Daly would collect as much as $50,502, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Daly received $1,061 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Daly will have already received $2,154 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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