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Chambana Sun

Monday, August 4, 2025

Former state university employee Sternstein paid in $5K to pension fund, could collect $112K in retirement

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Former state university employee Allan Sternstein, who retired in April 2019, saved $4,970 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sternstein would collect as much as $112,468, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Sternstein received $2,364 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sternstein will have already received $7,307 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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