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Sangamon Sun

Wednesday, September 17, 2025

Former state university employee Cantwell paid in $24K to pension fund, could collect $421K in retirement

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Former state university employee Cynthia Cantwell, who retired in February 2017, saved $24,205 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cantwell would collect as much as $421,442, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Cantwell received $8,858 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cantwell will have already received $27,380 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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