Quantcast

Chicago City Wire

Saturday, May 24, 2025

Former state university employee Dugo paid in $62K to pension fund, could collect $980K in retirement

Shutterstock 267646277

Former state university employee Paul Dugo, who retired in March 2017, saved $62,168 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dugo would collect as much as $979,570, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Dugo received $20,589 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dugo will have already received $63,639 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS