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Chambana Sun

Saturday, October 4, 2025

Former state university employee Caldwell paid in $47K to pension fund, could collect $835K in retirement

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Former state university employee Marilyn Caldwell, who retired in May 2017, saved $47,483 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Caldwell would collect as much as $834,880, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Caldwell received $17,548 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Caldwell will have already received $54,238 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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