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Sangamon Sun

Saturday, October 4, 2025

Former state university employee Alexander paid in $2K to pension fund, could collect $94K in retirement

Money272

Former state university employee Jeannie Alexander, who retired in August 2016, saved $2,045 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Alexander would collect as much as $93,816, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Alexander received $1,971 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Alexander will have already received $4,001 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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