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Chicago City Wire

Wednesday, July 9, 2025

Former state university employee Gregory paid in $48K to pension fund, could collect $989K in retirement

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Former state university employee John Gregory, who retired in July 2017, saved $47,701 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gregory would collect as much as $989,007, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gregory received $20,788 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gregory will have already received $64,254 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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