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Sangamon Sun

Saturday, October 25, 2025

Former state university employee Hardy paid in $911 to pension fund, could collect $26K in retirement

Money759

Former state university employee David Hardy, who retired in May 2017, saved $911 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hardy would collect as much as $25,519, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Hardy received $536 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hardy will have already received $1,088 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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