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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Kendall paid in $49K to pension fund, could collect $726K in retirement

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Former state university employee Carol Kendall, who retired in September 2018, saved $49,130 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kendall would collect as much as $726,191, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kendall received $15,264 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kendall will have already received $63,860 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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