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Chicago City Wire

Thursday, July 3, 2025

Former state university employee Aper paid in $98K to pension fund, could collect $2.37M in retirement

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Former state university employee Michael Aper, who retired in June 2016, saved $97,998 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Aper would collect as much as $2.37 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Aper received $49,904 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Aper will have already received $101,305 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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