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Chicago City Wire

Sunday, October 5, 2025

Former state university employee Riley paid in $157K to pension fund, could collect $4.97M in retirement

Money272

Former state university employee Kathleen Riley, who retired in September 2017, saved $157,354 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Riley would collect as much as $4.97 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Riley received $104,562 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Riley will have already received $212,261 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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