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Sangamon Sun

Monday, May 12, 2025

Former state university employee Genteman paid in $12K to pension fund, could collect $600K in retirement

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Former state university employee Nancy Genteman, who retired in May 2017, saved $11,686 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Genteman would collect as much as $600,226, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Genteman received $12,616 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Genteman will have already received $12,616 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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