Quantcast

Sangamon Sun

Wednesday, September 17, 2025

Former state university employee Kaufman paid in $37K to pension fund, could collect $999K in retirement

Shutterstock 262120544

Former state university employee Daniel Kaufman, who retired in May 2017, saved $36,891 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kaufman would collect as much as $998,975, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Kaufman received $20,997 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kaufman will have already received $42,624 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS