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Sangamon Sun

Friday, July 4, 2025

Former state university employee Mason paid in $14K to pension fund, could collect $772K in retirement

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Former state university employee Mark Mason, who retired in October 2016, saved $13,521 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mason would collect as much as $772,040, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Mason received $16,227 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Mason will have already received $16,227 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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