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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Mason paid in $129K to pension fund, could collect $3.32M in retirement

Money 02

Former state university employee Sandra Mason, who retired in September 2018, saved $129,405 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mason would collect as much as $3.32 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Mason received $69,794 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Mason will have already received $141,682 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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