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Chicago City Wire

Sunday, June 1, 2025

Former state university employee Aizenstein paid in $97K to pension fund, could collect $3.56M in retirement

Money 08

Former state university employee Robert Aizenstein, who retired in July 2018, saved $96,976 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Aizenstein would collect as much as $3.56 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Aizenstein received $74,910 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Aizenstein will have already received $152,067 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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