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Chicago City Wire

Saturday, May 24, 2025

Former state university employee Zhou paid in $115K to pension fund, could collect $1.81M in retirement

Money 07

Former state university employee Zhenwen Zhou, who retired in January 2017, saved $114,712 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Zhou would collect as much as $1.81 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Zhou received $38,128 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Zhou will have already received $117,850 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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