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Sangamon Sun

Monday, August 4, 2025

Former state university employee Martinez paid in $52K to pension fund, could collect $609K in retirement

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Former state university employee Francisco Martinez, who retired in September 2017, saved $52,074 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Martinez would collect as much as $608,778, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Martinez received $12,796 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Martinez will have already received $53,533 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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