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Chambana Sun

Tuesday, April 29, 2025

Former state university employee McCauley paid in $34K to pension fund, could collect $615K in retirement

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Former state university employee Shirley McCauley, who retired in May 2018, saved $33,762 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McCauley would collect as much as $614,510, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes McCauley received $12,916 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McCauley will have already received $39,921 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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