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Chicago City Wire

Sunday, August 3, 2025

Former state university employee Furr paid in $88K to pension fund, could collect $2.4M in retirement

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Former state university employee Richard Furr, who retired in May 2018, saved $88,165 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Furr would collect as much as $2.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Furr received $50,388 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Furr will have already received $102,288 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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