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Chicago City Wire

Tuesday, July 29, 2025

Former state university employee Whalen paid in $107K to pension fund, could collect $1.39M in retirement

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Former state university employee Marilyn Whalen, who retired in January 2016, saved $106,788 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Whalen would collect as much as $1.39 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Whalen received $29,275 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Whalen will have already received $122,476 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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