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Sangamon Sun

Monday, July 28, 2025

Former state university employee O'Dell paid in $22K to pension fund, could collect $829K in retirement

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Former state university employee Irma O'Dell, who retired in August 2017, saved $22,414 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, O'Dell would collect as much as $828,577, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes O'Dell received $17,416 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, O'Dell will have already received $35,354 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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