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Chicago City Wire

Friday, June 6, 2025

Former state university employee Komiskey paid in $18K to pension fund, could collect $1.29M in retirement

Money 01

Former state university employee Harold Komiskey, who retired in January 2019, saved $18,380 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Komiskey would collect as much as $1.29 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Komiskey received $27,048 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Komiskey will have already received $27,048 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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