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Chicago City Wire

Saturday, July 12, 2025

Former state university employee Stanislaw paid in $76K to pension fund, could collect $1.09M in retirement

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Former state university employee Michael Stanislaw, who retired in February 2019, saved $76,067 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stanislaw would collect as much as $1.09 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Stanislaw received $23,016 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Stanislaw will have already received $96,289 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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