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Chicago City Wire

Sunday, July 6, 2025

Former state university employee Hardin paid in $29K to pension fund, could collect $525K in retirement

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Former state university employee Jerome Hardin, who retired in May 2016, saved $29,358 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hardin would collect as much as $524,907, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hardin received $11,033 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hardin will have already received $34,102 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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