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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Tu paid in $15K to pension fund, could collect $828K in retirement

Money 05

Former state university employee Jho Ju Tu, who retired in August 2016, saved $14,771 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Tu would collect as much as $827,618, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Tu received $17,395 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Tu will have already received $17,395 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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