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Chicago City Wire

Saturday, April 19, 2025

Former state university employee Roy paid in $47K to pension fund, could collect $823K in retirement

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Former state university employee Jacqueline Roy, who retired in February 2016, saved $47,010 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Roy would collect as much as $822,811, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Roy received $17,294 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Roy will have already received $53,454 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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