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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Quinn paid in $9K to pension fund, could collect $643K in retirement

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Former state university employee Jill Quinn, who retired in May 2018, saved $9,245 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Quinn would collect as much as $643,341, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Quinn received $13,522 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Quinn will have already received $13,522 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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