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Chicago City Wire

Friday, June 6, 2025

Former state university employee Kostick paid in $34K to pension fund, could collect $1.37M in retirement

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Former state university employee Dave Kostick, who retired in January 2019, saved $34,384 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kostick would collect as much as $1.37 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kostick received $28,704 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kostick will have already received $58,269 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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