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Chicago City Wire

Thursday, April 25, 2024

Former state university employee Eursiriwan paid in $49K to pension fund, could collect $561K in retirement

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Former state university employee Naiyana Eursiriwan, who retired in March 2019, saved $49,423 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Eursiriwan would collect as much as $560,628, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Eursiriwan received $11,784 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Eursiriwan will have already received $62,564 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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