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Chicago City Wire

Friday, August 1, 2025

Former state university employee Albert paid in $34K to pension fund, could collect $906K in retirement

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Former state university employee Leslie Albert, who retired in June 2016, saved $33,728 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Albert would collect as much as $906,442, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Albert received $19,052 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Albert will have already received $38,676 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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