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Sangamon Sun

Wednesday, September 17, 2025

Former state university employee Larson paid in $159K to pension fund, could collect $3.42M in retirement

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Former state university employee David Larson, who retired in June 2018, saved $158,730 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Larson would collect as much as $3.42 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Larson received $71,934 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Larson will have already received $222,341 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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