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East Central Reporter

Sunday, July 20, 2025

Former state university employee Graziano paid in $24K to pension fund, could collect $335K in retirement

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Former state university employee Frank Graziano, who retired in July 2016, saved $24,141 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Graziano would collect as much as $335,258, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Graziano received $7,046 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Graziano will have already received $29,477 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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