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Chicago City Wire

Friday, July 4, 2025

Former state university employee Williams paid in $12K to pension fund, could collect $192K in retirement

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Former state university employee Ronald Williams, who retired in August 2016, saved $11,961 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $191,704, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Williams received $4,029 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williams will have already received $12,454 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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