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Chicago City Wire

Friday, July 11, 2025

Former state university employee Main paid in $34K to pension fund, could collect $806K in retirement

Money759

Former state university employee Laurie Main, who retired in July 2018, saved $34,419 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Main would collect as much as $805,820, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Main received $16,937 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Main will have already received $52,350 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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