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Chicago City Wire

Tuesday, August 5, 2025

Former state university employee O'Connor paid in $52K to pension fund, could collect $845K in retirement

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Former state university employee Joann O'Connor, who retired in March 2017, saved $51,840 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, O'Connor would collect as much as $844,859, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes O'Connor received $17,758 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, O'Connor will have already received $54,889 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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