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South Cook News

Thursday, June 19, 2025

Former state university employee McNulty paid in $41K to pension fund, could collect $601K in retirement

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Former state university employee Susan McNulty, who retired in February 2019, saved $40,703 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McNulty would collect as much as $601,162, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes McNulty received $12,636 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, McNulty will have already received $52,863 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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