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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Goodlove paid in $69K to pension fund, could collect $1.42M in retirement

Money272

Former state university employee Paige Goodlove, who retired in June 2018, saved $68,938 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Goodlove would collect as much as $1.42 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Goodlove received $29,830 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Goodlove will have already received $92,202 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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