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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Benefield paid in $81K to pension fund, could collect $2.29M in retirement

Money 07

Former state university employee Jean Benefield, who retired in August 2018, saved $81,136 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Benefield would collect as much as $2.29 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Benefield received $48,226 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Benefield will have already received $97,899 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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