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Chambana Sun

Tuesday, April 8, 2025

Former state university employee Vanlandeghem paid in $25K to pension fund, could collect $510K in retirement

Money 02

Former state university employee Daryl Vanlandeghem, who retired in January 2016, saved $25,233 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Vanlandeghem would collect as much as $510,331, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Vanlandeghem received $10,726 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vanlandeghem will have already received $33,153 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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