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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Conlin paid in $50K to pension fund, could collect $1.65M in retirement

Money 01

Former state university employee Kevin Conlin, who retired in June 2017, saved $50,399 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Conlin would collect as much as $1.65 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Conlin received $34,673 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Conlin will have already received $70,386 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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