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Chambana Sun

Sunday, October 5, 2025

Former state university employee Selig paid in $194K to pension fund, could collect $3.4M in retirement

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Former state university employee Michael Selig, who retired in September 2017, saved $193,870 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Selig would collect as much as $3.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Selig received $71,454 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Selig will have already received $220,858 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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