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Sangamon Sun

Saturday, July 19, 2025

Former state university employee Reinhardt paid in $45K to pension fund, could collect $2.04M in retirement

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Former state university employee Keith Reinhardt, who retired in July 2017, saved $44,580 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Reinhardt would collect as much as $2.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Reinhardt received $42,847 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Reinhardt will have already received $86,979 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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