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Chambana Sun

Monday, August 4, 2025

Former state university employee Wittrup paid in $58K to pension fund, could collect $2.34M in retirement

Money041

Former state university employee Karl Wittrup, who retired in October 2018, saved $57,878 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wittrup would collect as much as $2.34 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Wittrup received $49,248 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Wittrup will have already received $99,973 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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