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Chambana Sun

Thursday, April 17, 2025

Former state university employee Walls paid in $160K to pension fund, could collect $4.03M in retirement

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Former state university employee Gina Walls, who retired in September 2016, saved $159,824 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Walls would collect as much as $4.03 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Walls received $84,629 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Walls will have already received $171,797 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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