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Kane County Reporter

Sunday, July 20, 2025

Former state university employee Hernandez paid in $77K to pension fund, could collect $1.93M in retirement

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Former state university employee Pedro Hernandez, who retired in August 2017, saved $76,991 toward a pension over 35 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hernandez would collect as much as $1.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Hernandez received $40,582 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hernandez will have already received $82,381 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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