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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Wilson paid in $35K to pension fund, could collect $1.17M in retirement

Money 01

Former state university employee Nancy Wilson, who retired in June 2018, saved $34,664 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wilson would collect as much as $1.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Wilson received $24,489 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Wilson will have already received $49,713 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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