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Chambana Sun

Saturday, August 2, 2025

Former state university employee Faurant paid in $68K to pension fund, could collect $1.33M in retirement

Money272

Former state university employee Nicole Faurant, who retired in July 2018, saved $68,159 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Faurant would collect as much as $1.33 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Faurant received $27,880 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Faurant will have already received $86,173 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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