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Sangamon Sun

Thursday, October 9, 2025

Former state university employee Hodnik paid in $82K to pension fund, could collect $2.32M in retirement

Money 01

Former state university employee Sherry Hodnik, who retired in November 2017, saved $82,468 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hodnik would collect as much as $2.32 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Hodnik received $48,825 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hodnik will have already received $99,115 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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