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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Mattingly paid in $43K to pension fund, could collect $864K in retirement

Money 07

Former state university employee Ronald Mattingly, who retired in May 2018, saved $43,382 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mattingly would collect as much as $863,659, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Mattingly received $18,153 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mattingly will have already received $56,110 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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