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East Central Reporter

Sunday, July 20, 2025

Former state university employee Bradd paid in $159K to pension fund, could collect $2.84M in retirement

Money 06

Former state university employee Michael Bradd, who retired in June 2017, saved $159,012 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bradd would collect as much as $2.84 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Bradd received $59,752 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bradd will have already received $184,688 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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