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Chicago City Wire

Monday, October 6, 2025

Former state university employee Kilman paid in $55K to pension fund, could collect $1M in retirement

Money 01

Former state university employee Connie Kilman, who retired in December 2017, saved $54,930 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kilman would collect as much as $1 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kilman received $21,024 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kilman will have already received $64,984 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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