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Chicago City Wire

Tuesday, May 27, 2025

Former state university employee Kmiecik paid in $9K to pension fund, could collect $468K in retirement

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Former state university employee Lori Kmiecik, who retired in February 2018, saved $8,528 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kmiecik would collect as much as $468,033, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kmiecik received $9,837 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Kmiecik will have already received $9,837 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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