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Chambana Sun

Tuesday, April 29, 2025

Former state university employee McLaughlin paid in $123K to pension fund, could collect $2.59M in retirement

Money 04

Former state university employee Robert McLaughlin, who retired in June 2018, saved $123,287 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McLaughlin would collect as much as $2.59 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes McLaughlin received $54,348 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McLaughlin will have already received $167,983 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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