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Chambana Sun

Monday, April 28, 2025

Former state university employee Singley paid in $185K to pension fund, could collect $4M in retirement

Money272

Former state university employee Rodger Singley, who retired in January 2016, saved $184,856 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Singley would collect as much as $4 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Singley received $83,985 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Singley will have already received $259,590 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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