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West Cook News

Sunday, July 27, 2025

Former state university employee Weinstein paid in $78K to pension fund, could collect $1.9M in retirement

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Former state university employee Thomas Weinstein, who retired in January 2019, saved $78,366 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Weinstein would collect as much as $1.9 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Weinstein received $40,008 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Weinstein will have already received $81,216 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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