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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Washington paid in $27K to pension fund, could collect $801K in retirement

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Former state university employee Jonathan Washington, who retired in April 2017, saved $26,787 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Washington would collect as much as $801,145, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Washington received $16,839 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Washington will have already received $34,183 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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