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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Hawkins paid in $56K to pension fund, could collect $910K in retirement

Money 04

Former state university employee Patricia Hawkins, who retired in June 2018, saved $55,570 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hawkins would collect as much as $910,062, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hawkins received $19,128 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hawkins will have already received $59,123 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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