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Chambana Sun

Monday, August 4, 2025

Former state university employee South paid in $102K to pension fund, could collect $1.61M in retirement

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Former state university employee Raymond South, who retired in September 2018, saved $102,382 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, South would collect as much as $1.61 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes South received $33,768 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, South will have already received $104,373 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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