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Chicago City Wire

Friday, April 18, 2025

Former state university employee Buss paid in $121K to pension fund, could collect $2.82M in retirement

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Former state university employee Carol Buss, who retired in February 2016, saved $121,468 toward a pension over 34 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Buss would collect as much as $2.82 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Buss received $59,310 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Buss will have already received $183,321 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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