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Chicago City Wire

Wednesday, June 4, 2025

Former state university employee Beck paid in $394K to pension fund, could collect $6.71M in retirement

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Former state university employee William Beck, who retired in October 2018, saved $394,328 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Beck would collect as much as $6.71 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Beck received $140,952 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Beck will have already received $435,669 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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