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Chicago City Wire

Friday, August 1, 2025

Former state university employee Langlois paid in $92K to pension fund, could collect $1.83M in retirement

Money759

Former state university employee Richard Langlois, who retired in May 2016, saved $91,614 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Langlois would collect as much as $1.83 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Langlois received $38,555 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Langlois will have already received $119,170 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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