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South Cook News

Wednesday, June 18, 2025

Former state university employee Pina paid in $15K to pension fund, could collect $209K in retirement

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Former state university employee Francisco Pina, who retired in June 2017, saved $15,178 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Pina would collect as much as $208,545, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Pina received $4,383 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Pina will have already received $18,334 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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