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North Cook News

Monday, November 17, 2025

Former state university employee Weinberg paid in $6K to pension fund, could collect $152K in retirement

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Former state university employee Steven Weinberg, who retired in June 2017, saved $6,325 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Weinberg would collect as much as $152,271, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Weinberg received $3,200 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Weinberg will have already received $6,496 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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