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Sangamon Sun

Saturday, September 13, 2025

Former state university employee Bolyard paid in $93K to pension fund, could collect $2.2M in retirement

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Former state university employee Mark Bolyard, who retired in April 2017, saved $93,449 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bolyard would collect as much as $2.2 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Bolyard received $46,321 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bolyard will have already received $94,032 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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