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Chicago City Wire

Friday, April 18, 2025

Former state university employee Patton Cotton paid in $41K to pension fund, could collect $749K in retirement

Money 01

Former state university employee Pamela Patton Cotton, who retired in January 2017, saved $41,049 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Patton Cotton would collect as much as $748,873, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Patton Cotton received $15,740 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Patton Cotton will have already received $48,650 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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