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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Arbogast paid in $50K to pension fund, could collect $1.03M in retirement

Money 07

Former state university employee Barbara Arbogast, who retired in January 2017, saved $50,278 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Arbogast would collect as much as $1.03 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Arbogast received $21,737 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Arbogast will have already received $67,187 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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