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Sangamon Sun

Friday, April 18, 2025

Former state university employee Bradley paid in $696 to pension fund, could collect $163K in retirement

Money 04

Former state university employee Phyllis Bradley, who retired in June 2017, saved $696 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bradley would collect as much as $162,536, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Bradley received $3,416 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Bradley will have already received $3,416 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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