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Chicago City Wire

Thursday, September 25, 2025

Former state university employee Antonakos paid in $56K to pension fund, could collect $1.17M in retirement

Money 07

Former state university employee Mary Antonakos, who retired in March 2016, saved $55,807 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Antonakos 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 Antonakos received $24,636 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Antonakos will have already received $76,147 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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