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Chicago City Wire

Wednesday, July 2, 2025

Former state university employee Keith paid in $60K to pension fund, could collect $1.13M in retirement

Money759

Former state university employee Shilana Keith, who retired in June 2016, saved $59,797 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Keith would collect as much as $1.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Keith received $23,745 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Keith will have already received $73,393 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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