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Chicago City Wire

Thursday, October 2, 2025

Former state university employee Lenon paid in $96K to pension fund, could collect $2.01M in retirement

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Former state university employee Fe Lenon, who retired in October 2017, saved $96,097 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lenon would collect as much as $2.01 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lenon received $42,242 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lenon will have already received $130,565 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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