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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Isaacs paid in $1K to pension fund, could collect $47K in retirement

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Former state university employee J. Nicholas Isaacs, who retired in June 2017, saved $1,045 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Isaacs would collect as much as $46,968, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Isaacs received $987 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Isaacs will have already received $2,004 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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