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Sangamon Sun

Friday, October 10, 2025

Former state university employee Martin paid in $134K to pension fund, could collect $2.36M in retirement

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Former state university employee John Martin, who retired in June 2016, saved $133,687 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Martin would collect as much as $2.36 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Martin received $49,637 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Martin will have already received $153,423 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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