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Sangamon Sun

Saturday, October 4, 2025

Former state university employee Kauffman paid in $35K to pension fund, could collect $1.69M in retirement

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Former state university employee Charlotte Kauffman, who retired in February 2017, saved $34,640 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kauffman would collect as much as $1.69 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Kauffman received $35,523 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Kauffman will have already received $35,523 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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