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Chicago City Wire

Sunday, August 3, 2025

Former state university employee Goodchild paid in $41K to pension fund, could collect $1.02M in retirement

Money272

Former state university employee Eileen Goodchild, who retired in January 2017, saved $40,892 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Goodchild would collect as much as $1.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Goodchild received $21,489 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Goodchild will have already received $43,623 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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