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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Evans paid in $20K to pension fund, could collect $304K in retirement

Money 05

Former state university employee Greg Evans, who retired in July 2018, saved $19,848 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Evans would collect as much as $304,206, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Evans received $6,394 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Evans will have already received $26,752 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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