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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Mangina paid in $126K to pension fund, could collect $2.67M in retirement

Money272

Former state university employee Robert Mangina, who retired in January 2019, saved $126,260 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mangina would collect as much as $2.67 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Mangina received $56,052 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mangina will have already received $173,252 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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