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Sangamon Sun

Friday, April 18, 2025

Former state university employee Kelley paid in $22K to pension fund, could collect $723K in retirement

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Former state university employee Daniel Kelley, who retired in December 2016, saved $21,789 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kelley would collect as much as $722,799, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Kelley received $15,192 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kelley will have already received $30,840 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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