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Chicago City Wire

Thursday, April 10, 2025

Former state university employee Willis paid in $58K to pension fund, could collect $1.27M in retirement

Money 02

Former state university employee Deborah Willis, who retired in February 2016, saved $58,180 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Willis would collect as much as $1.27 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Willis received $26,694 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Willis will have already received $82,509 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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