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Chicago City Wire

Friday, July 11, 2025

Former state university employee Dee paid in $58K to pension fund, could collect $963K in retirement

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Former state university employee Daniel Dee, who retired in October 2018, saved $57,685 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dee would collect as much as $963,385, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Dee received $20,249 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dee will have already received $62,587 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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