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Sangamon Sun

Thursday, July 31, 2025

Former state university employee Davis paid in $3K to pension fund, could collect $41K in retirement

Money 06

Former state university employee Arthur Davis, who retired in September 2016, saved $2,953 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Davis would collect as much as $40,968, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Davis received $861 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Davis will have already received $3,603 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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