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Chicago City Wire

Wednesday, July 2, 2025

Former state university employee Porterfield paid in $5K to pension fund, could collect $65K in retirement

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Former state university employee John Porterfield, who retired in June 2016, saved $4,548 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Porterfield would collect as much as $65,008, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Porterfield received $1,366 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Porterfield will have already received $5,714 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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