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Chicago City Wire

Friday, June 6, 2025

Former state university employee Mason Gholston paid in $98K to pension fund, could collect $2.06M in retirement

Money 01

Former state university employee Vernita Mason Gholston, who retired in January 2019, saved $97,690 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mason Gholston would collect as much as $2.06 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Mason Gholston received $43,260 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mason Gholston will have already received $133,713 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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