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Chicago City Wire

Friday, April 11, 2025

Former state university employee Haefliger paid in $69K to pension fund, could collect $1.33M in retirement

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Former state university employee Kathleen Haefliger, who retired in August 2016, saved $69,090 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Haefliger would collect as much as $1.33 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Haefliger received $27,960 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Haefliger will have already received $86,422 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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