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Chicago City Wire

Wednesday, April 30, 2025

Former state university employee Torbert paid in $94K to pension fund, could collect $2.31M in retirement

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Former state university employee Edward Torbert, who retired in January 2016, saved $93,736 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Torbert would collect as much as $2.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Torbert received $48,568 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Torbert will have already received $98,593 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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