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Sangamon Sun

Tuesday, May 13, 2025

Former state university employee Catalano paid in $117K to pension fund, could collect $2.77M in retirement

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Former state university employee Busabun Catalano, who retired in January 2016, saved $116,669 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Catalano would collect as much as $2.77 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Catalano received $58,165 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Catalano will have already received $118,075 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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