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Sangamon Sun

Wednesday, May 14, 2025

Former state university employee McClellan paid in $11K to pension fund, could collect $505K in retirement

Money 06

Former state university employee Wanita McClellan, who retired in February 2017, saved $11,079 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McClellan would collect as much as $505,005, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes McClellan received $10,614 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, McClellan will have already received $21,546 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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