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Sangamon Sun

Saturday, April 19, 2025

Former state university employee Sager paid in $73K to pension fund, could collect $1.65M in retirement

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Former state university employee Carl Sager, who retired in June 2017, saved $72,723 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sager would collect as much as $1.65 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Sager received $34,593 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sager will have already received $106,924 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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