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Chicago City Wire

Wednesday, July 9, 2025

Former state university employee Donay paid in $41K to pension fund, could collect $689K in retirement

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Former state university employee Joan Donay, who retired in March 2017, saved $41,480 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Donay would collect as much as $688,602, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Donay received $14,473 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Donay will have already received $44,734 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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