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Chicago City Wire

Thursday, June 5, 2025

Former state university employee Chen paid in $202K to pension fund, could collect $4.79M in retirement

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Former state university employee Hong Chen, who retired in June 2018, saved $201,849 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Chen would collect as much as $4.79 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Chen received $100,676 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Chen will have already received $204,372 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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