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Chambana Sun

Sunday, July 20, 2025

Former state university employee Clark paid in $25K to pension fund, could collect $1.14M in retirement

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Former state university employee Charles Clark, who retired in September 2016, saved $24,964 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Clark would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Clark received $24,039 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Clark will have already received $48,799 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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