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Chicago City Wire

Monday, June 2, 2025

Former state university employee Gurney paid in $133K to pension fund, could collect $2.08M in retirement

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Former state university employee Robert Gurney, who retired in September 2018, saved $133,102 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gurney would collect as much as $2.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gurney received $43,768 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gurney will have already received $135,282 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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