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Chicago City Wire

Saturday, July 12, 2025

Former state university employee Hillman paid in $261K to pension fund, could collect $4.41M in retirement

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Former state university employee David Hillman, who retired in March 2019, saved $261,473 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hillman would collect as much as $4.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hillman received $92,748 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hillman will have already received $286,674 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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