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Chicago City Wire

Saturday, September 27, 2025

Former state university employee Hampton paid in $48K to pension fund, could collect $1.45M in retirement

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Former state university employee Jerome Hampton, who retired in March 2016, saved $47,945 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hampton would collect as much as $1.45 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hampton received $30,502 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hampton will have already received $61,919 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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