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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Henley paid in $357K to pension fund, could collect $9.32M in retirement

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Former state university employee Barbara Henley, who retired in September 2016, saved $357,329 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Henley would collect as much as $9.32 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Henley received $195,822 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Henley will have already received $397,519 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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