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Chicago City Wire

Sunday, October 5, 2025

Former state university employee Arnold paid in $95K to pension fund, could collect $2.06M in retirement

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Former state university employee Diane Arnold, who retired in July 2017, saved $95,021 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Arnold would collect as much as $2.06 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Arnold received $43,208 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Arnold will have already received $133,551 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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