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Kane County Reporter

Wednesday, October 22, 2025

Former state university employee Grossman paid in $29K to pension fund, could collect $434K in retirement

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Former state university employee Frank Grossman, who retired in October 2018, saved $28,509 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Grossman would collect as much as $434,161, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Grossman received $9,125 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Grossman will have already received $38,176 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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