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Sangamon Sun

Saturday, April 19, 2025

Former state university employee Talbert paid in $67K to pension fund, could collect $1.85M in retirement

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Former state university employee Scott Talbert, who retired in January 2016, saved $66,587 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Talbert would collect as much as $1.85 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Talbert received $38,928 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Talbert will have already received $79,024 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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