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South Cook News

Thursday, June 19, 2025

Former state university employee Remiasz paid in $5K to pension fund, could collect $99K in retirement

Money 03

Former state university employee Peggy Remiasz, who retired in December 2018, saved $4,865 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Remiasz would collect as much as $98,766, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Remiasz received $2,076 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Remiasz will have already received $6,416 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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