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Chambana Sun

Monday, April 28, 2025

Former state university employee Taylor paid in $86K to pension fund, could collect $2.21M in retirement

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Former state university employee Sheila Taylor, who retired in January 2016, saved $86,013 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Taylor would collect as much as $2.21 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Taylor received $46,544 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Taylor will have already received $94,484 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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