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Chicago City Wire

Saturday, July 5, 2025

Former state university employee Harris paid in $17K to pension fund, could collect $284K in retirement

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Former state university employee William Harris, who retired in July 2016, saved $17,111 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Harris would collect as much as $284,230, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Harris received $5,974 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Harris will have already received $18,465 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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