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Sangamon Sun

Saturday, April 19, 2025

Former state university employee Evans paid in $103K to pension fund, could collect $2.25M in retirement

Money272

Former state university employee Sharon Evans, who retired in June 2018, saved $103,138 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Evans would collect as much as $2.25 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Evans received $47,199 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Evans will have already received $145,887 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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