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Chicago City Wire

Sunday, May 25, 2025

Former state university employee Martin paid in $19K to pension fund, could collect $586K in retirement

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Former state university employee Sarah Martin, who retired in July 2017, saved $18,903 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Martin would collect as much as $585,799, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Martin received $12,313 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Martin will have already received $24,995 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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