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West Cook News

Saturday, May 24, 2025

Former state university employee Soto paid in $88K to pension fund, could collect $1.68M in retirement

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Former state university employee Martin Soto, who retired in April 2018, saved $88,107 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Soto would collect as much as $1.68 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Soto received $35,361 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Soto will have already received $109,298 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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