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Chicago City Wire

Sunday, June 1, 2025

Former state university employee Swedler paid in $182K to pension fund, could collect $4.23M in retirement

Money041

Former state university employee William Swedler, who retired in July 2018, saved $182,380 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

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

After 3 years of retirement, Swedler will have already received $275,090 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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