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Chambana Sun

Saturday, August 2, 2025

Former state university employee Cunningham paid in $100K to pension fund, could collect $1.66M in retirement

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Former state university employee Jeffrey Cunningham, who retired in May 2018, saved $99,837 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cunningham would collect as much as $1.66 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Cunningham received $34,850 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cunningham will have already received $107,719 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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