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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Brown paid in $2K to pension fund, could collect $85K in retirement

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Former state university employee Thomas Brown, who retired in March 2017, saved $2,035 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Brown would collect as much as $84,904, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Brown received $1,784 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Brown will have already received $3,622 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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