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Chicago City Wire

Monday, July 7, 2025

Former state university employee Castillo paid in $84K to pension fund, could collect $1.44M in retirement

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Former state university employee Sheila Castillo, who retired in March 2016, saved $83,729 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Castillo would collect as much as $1.44 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Castillo received $30,280 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Castillo will have already received $93,592 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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