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Sangamon Sun

Friday, October 10, 2025

Former state university employee Wagner paid in $102K to pension fund, could collect $1.51M in retirement

Money759

Former state university employee Brian Wagner, who retired in June 2018, saved $101,556 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wagner would collect as much as $1.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Wagner received $31,696 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Wagner will have already received $132,604 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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