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West Cook News

Saturday, May 24, 2025

Former state university employee Pawlak paid in $89K to pension fund, could collect $2.16M in retirement

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Former state university employee Richard Pawlak, who retired in August 2017, saved $88,948 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Pawlak would collect as much as $2.16 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Pawlak received $45,435 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Pawlak will have already received $92,233 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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