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Sangamon Sun

Monday, April 28, 2025

Former state university employee Kessler paid in $88K to pension fund, could collect $1.7M in retirement

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Former state university employee Chris Kessler, who retired in January 2016, saved $87,639 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kessler would collect as much as $1.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Kessler received $35,776 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kessler will have already received $110,579 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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