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Chicago City Wire

Monday, October 6, 2025

Former state university employee Wong paid in $43K to pension fund, could collect $456K in retirement

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Former state university employee Michelle Wong, who retired in November 2017, saved $42,612 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wong would collect as much as $456,444, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Wong received $9,594 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Wong will have already received $50,934 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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