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Chambana Sun

Thursday, June 26, 2025

Former state university employee Voigt paid in $81K to pension fund, could collect $1.85M in retirement

Money 03

Former state university employee Charles Voigt, who retired in January 2016, saved $80,842 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Voigt would collect as much as $1.85 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Voigt received $38,913 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Voigt will have already received $120,275 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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