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Chicago City Wire

Thursday, October 2, 2025

Former state university employee Gleyzer paid in $109K to pension fund, could collect $1.73M in retirement

Money 07

Former state university employee Joseph Gleyzer, who retired in June 2018, saved $108,715 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gleyzer would collect as much as $1.73 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gleyzer received $36,258 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gleyzer will have already received $112,070 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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