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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Weiss paid in $32K to pension fund, could collect $527K in retirement

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Former state university employee Carol Weiss, who retired in January 2017, saved $32,319 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Weiss would collect as much as $527,207, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Weiss received $11,081 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Weiss will have already received $34,249 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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