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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Laliberte paid in $23K to pension fund, could collect $1M in retirement

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Former state university employee Daniel Laliberte, who retired in September 2016, saved $22,631 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Laliberte would collect as much as $1 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Laliberte received $21,102 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Laliberte will have already received $42,837 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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