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Sangamon Sun

Saturday, April 20, 2024

Former state university employee Trexler paid in $77K to pension fund, could collect $1.18M in retirement

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Former state university employee Roger Trexler, who retired in December 2016, saved $77,206 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Trexler would collect as much as $1.18 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Trexler received $24,809 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Trexler will have already received $103,792 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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