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South Cook News

Wednesday, May 14, 2025

Former state university employee Mistovich paid in $59K to pension fund, could collect $1.16M in retirement

Money 04

Former state university employee Cathy Mistovich, who retired in January 2016, saved $58,928 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mistovich would collect as much as $1.16 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Mistovich received $24,413 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mistovich will have already received $75,457 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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