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Chicago City Wire

Wednesday, November 20, 2019

Former state university employee Gauthreaux paid in $26K to pension fund, could collect $280K in retirement

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By Local Labs News Service | May 1, 2018

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Former state university employee Sidney Gauthreaux, who retired in April 2018, saved $25,824 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gauthreaux would collect as much as $279,743, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gauthreaux received $5,880 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Gauthreaux will have already received $31,217 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois at Urbana Champaign

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