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Sangamon Sun

Monday, July 7, 2025

Former state university employee Leonard paid in $6K to pension fund, could collect $126K in retirement

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Former state university employee Mary Leonard, who retired in June 2017, saved $5,583 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Leonard would collect as much as $125,787, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Leonard received $2,643 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Leonard will have already received $8,169 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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