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Chicago City Wire

Saturday, October 4, 2025

Former state university employee Thomas paid in $49K to pension fund, could collect $815K in retirement

Money 08

Former state university employee Stanley Thomas, who retired in August 2017, saved $49,134 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Thomas would collect as much as $814,732, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Thomas received $17,125 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Thomas will have already received $52,932 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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