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Chicago City Wire

Thursday, April 10, 2025

Former state university employee Zhong paid in $39K to pension fund, could collect $624K in retirement

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Former state university employee Wei Zhong, who retired in February 2016, saved $38,515 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Zhong would collect as much as $624,227, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Zhong received $13,120 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Zhong will have already received $40,553 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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