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Chicago City Wire

Friday, August 1, 2025

Former state university employee Weis paid in $86K to pension fund, could collect $1.86M in retirement

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Former state university employee Lynn Weis, who retired in December 2018, saved $86,192 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Weis would collect as much as $1.86 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Weis received $39,120 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Weis will have already received $120,917 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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