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Sangamon Sun

Sunday, May 4, 2025

Former state university employee Buck paid in $25K to pension fund, could collect $1.15M in retirement

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Former state university employee Andrew Buck, who retired in October 2017, saved $25,132 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Buck would collect as much as $1.15 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Buck received $24,194 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Buck will have already received $49,114 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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