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Chicago City Wire

Friday, August 1, 2025

Former state university employee Wickesberg paid in $174K to pension fund, could collect $3.66M in retirement

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Former state university employee Robert Wickesberg, who retired in September 2018, saved $174,098 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wickesberg would collect as much as $3.66 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Wickesberg received $76,874 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wickesberg will have already received $237,609 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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