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Chicago City Wire

Tuesday, August 5, 2025

Former state university employee Duncan paid in $89K to pension fund, could collect $2.16M in retirement

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Former state university employee Susan Duncan, who retired in February 2018, saved $88,961 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Duncan would collect as much as $2.16 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Duncan received $45,379 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Duncan will have already received $92,119 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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