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Chicago City Wire

Thursday, June 5, 2025

Former state university employee Sperling paid in $88K to pension fund, could collect $1.81M in retirement

Money 01

Former state university employee David Sperling, who retired in June 2018, saved $87,578 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sperling would collect as much as $1.81 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Sperling received $38,138 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sperling will have already received $117,880 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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