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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Anderson paid in $61K to pension fund, could collect $949K in retirement

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Former state university employee Thomas Anderson, who retired in July 2016, saved $60,771 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Anderson would collect as much as $948,798, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Anderson received $19,943 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Anderson will have already received $61,641 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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