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Sangamon Sun

Saturday, July 19, 2025

Former state university employee Disney paid in $32K to pension fund, could collect $603K in retirement

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Former state university employee Floyd Disney, who retired in June 2018, saved $31,837 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Disney would collect as much as $603,246, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Disney received $12,679 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Disney will have already received $39,189 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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