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Sangamon Sun

Monday, May 12, 2025

Former state university employee Stamper Carr paid in $111K to pension fund, could collect $2.32M in retirement

Money 01

Former state university employee Constance Stamper Carr, who retired in August 2018, saved $110,840 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stamper Carr would collect as much as $2.32 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Stamper Carr received $48,840 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stamper Carr will have already received $150,959 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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