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Chicago City Wire

Saturday, July 12, 2025

Former state university employee Shelton paid in $52K to pension fund, could collect $919K in retirement

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Former state university employee Paul Shelton, who retired in October 2018, saved $51,883 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Shelton would collect as much as $918,586, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Shelton received $19,308 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Shelton will have already received $59,679 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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