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East Central Reporter

Wednesday, May 14, 2025

Former state university employee Lee paid in $360 to pension fund, could collect $79K in retirement

Money 03

Former state university employee Marsha Lee, who retired in June 2018, saved $360 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lee would collect as much as $79,270, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Lee received $1,666 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Lee will have already received $1,666 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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