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Sangamon Sun

Wednesday, July 23, 2025

Former state university employee Sickmeyer paid in $237K to pension fund, could collect $3.9M in retirement

Money 04

Former state university employee Kent Sickmeyer, who retired in June 2016, saved $237,169 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sickmeyer would collect as much as $3.9 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Sickmeyer received $81,948 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sickmeyer will have already received $253,292 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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