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Chambana Sun

Tuesday, August 5, 2025

Former state university employee Jurgens paid in $30K to pension fund, could collect $1.5M in retirement

Money 07

Former state university employee Vincent Jurgens, who retired in June 2018, saved $29,788 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jurgens would collect as much as $1.5 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Jurgens received $31,613 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Jurgens will have already received $31,613 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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