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Sangamon Sun

Wednesday, July 23, 2025

Former state university employee Bell paid in $131K to pension fund, could collect $2.91M in retirement

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Former state university employee Thomas Bell, who retired in January 2016, saved $130,903 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bell would collect as much as $2.91 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Bell received $61,097 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bell will have already received $188,845 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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