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Sangamon Sun

Sunday, June 8, 2025

Former state university employee Johnson paid in $61K to pension fund, could collect $1.5M in retirement

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Former state university employee Jeanette Johnson, who retired in October 2017, saved $61,264 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Johnson would collect as much as $1.5 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Johnson received $31,531 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Johnson will have already received $64,008 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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