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East Central Reporter

Sunday, July 20, 2025

Former state university employee Lueken paid in $33K to pension fund, could collect $1.03M in retirement

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Former state university employee Paul Lueken, who retired in February 2017, saved $33,331 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lueken would collect as much as $1.03 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Lueken received $21,687 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lueken will have already received $44,025 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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