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Chicago City Wire

Thursday, July 3, 2025

Former state university employee Hiltscher paid in $100K to pension fund, could collect $1.59M in retirement

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Former state university employee John Hiltscher, who retired in June 2016, saved $100,353 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hiltscher would collect as much as $1.59 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hiltscher received $33,345 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hiltscher will have already received $103,065 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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