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Chicago City Wire

Thursday, July 31, 2025

Former state university employee Evans paid in $66K to pension fund, could collect $1.13M in retirement

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Former state university employee Jeffrey Evans, who retired in January 2019, saved $66,323 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Evans would collect as much as $1.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Evans received $23,664 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Evans will have already received $73,143 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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