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Chicago City Wire

Tuesday, July 8, 2025

Former state university employee Hale paid in $84K to pension fund, could collect $1.27M in retirement

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Former state university employee Jacqueline Hale, who retired in June 2017, saved $84,128 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hale would collect as much as $1.27 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hale received $26,724 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Hale will have already received $111,805 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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