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Chicago City Wire

Thursday, June 5, 2025

Former state university employee Ehrhardt paid in $125K to pension fund, could collect $2.01M in retirement

Money 02

Former state university employee Donald Ehrhardt, who retired in July 2018, saved $125,080 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ehrhardt would collect as much as $2.01 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ehrhardt received $42,339 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ehrhardt will have already received $130,865 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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