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South Cook News

Friday, October 3, 2025

Former state university employee McCauley paid in $109K to pension fund, could collect $1.96M in retirement

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Former state university employee Irene McCauley, who retired in January 2016, saved $109,185 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McCauley would collect as much as $1.96 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes McCauley received $41,181 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McCauley will have already received $127,285 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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