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Chicago City Wire

Friday, August 1, 2025

Former state university employee Hassan paid in $21K to pension fund, could collect $855K in retirement

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Former state university employee Carol Hassan, who retired in October 2018, saved $20,526 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hassan would collect as much as $855,215, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hassan received $17,976 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hassan will have already received $36,491 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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