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Sangamon Sun

Saturday, April 19, 2025

Former state university employee Warren paid in $476 to pension fund, could collect $207K in retirement

Money 05

Former state university employee Steven Warren, who retired in December 2017, saved $476 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Warren would collect as much as $207,130, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Warren received $4,353 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Warren will have already received $4,353 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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