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Sangamon Sun

Saturday, May 17, 2025

Former state university employee Williams paid in $72K to pension fund, could collect $2M in retirement

Money 07

Former state university employee John Williams, who retired in January 2016, saved $72,442 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $2 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Williams received $41,937 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Williams will have already received $85,132 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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