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Chambana Sun

Saturday, August 2, 2025

Former state university employee Holderfield paid in $130K to pension fund, could collect $3.24M in retirement

Money 01

Former state university employee Bryan Holderfield, who retired in July 2018, saved $129,866 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Holderfield would collect as much as $3.24 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Holderfield received $68,021 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Holderfield will have already received $138,083 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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