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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Roe paid in $172K to pension fund, could collect $4.04M in retirement

Money759

Former state university employee George Roe, who retired in September 2016, saved $171,861 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Roe would collect as much as $4.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Roe received $84,934 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Roe will have already received $172,416 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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