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Chicago City Wire

Wednesday, June 4, 2025

Former state university employee Harris paid in $29K to pension fund, could collect $570K in retirement

Money041

Former state university employee Roosevelt Harris, who retired in November 2018, saved $29,499 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Harris would collect as much as $570,334, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Harris received $11,988 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Harris will have already received $37,054 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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