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Chicago City Wire

Friday, April 26, 2024

Former state university employee Lian paid in $127K to pension fund, could collect $1.9M in retirement

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Former state university employee Yanqing Lian, who retired in December 2017, saved $127,346 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lian would collect as much as $1.9 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lian received $39,836 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Lian will have already received $166,659 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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