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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Lemons paid in $4K to pension fund, could collect $189K in retirement

Money 07

Former state university employee Mary Lemons, who retired in July 2016, saved $4,263 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lemons would collect as much as $188,775, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lemons received $3,967 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lemons will have already received $8,053 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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