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Chicago City Wire

Saturday, May 31, 2025

Former state university employee Bozovsky paid in $27K to pension fund, could collect $665K in retirement

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Former state university employee John Bozovsky, who retired in June 2016, saved $27,054 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bozovsky would collect as much as $665,309, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Bozovsky received $13,984 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bozovsky will have already received $28,388 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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