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Chicago City Wire

Thursday, October 2, 2025

Former state university employee Mollo paid in $33K to pension fund, could collect $533K in retirement

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Former state university employee Thomas Mollo, who retired in September 2017, saved $32,571 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mollo would collect as much as $533,259, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Mollo received $11,208 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mollo will have already received $34,642 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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