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Sangamon Sun

Friday, July 11, 2025

Former state university employee Cutlan paid in $59K to pension fund, could collect $1.47M in retirement

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Former state university employee Karen Cutlan, who retired in June 2018, saved $58,890 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cutlan would collect as much as $1.47 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Cutlan received $30,924 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Cutlan will have already received $62,776 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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