Quantcast

Sangamon Sun

Friday, October 10, 2025

Former state university employee Klein paid in $119K to pension fund, could collect $2.23M in retirement

Shutterstock 443523118

Former state university employee Russell Klein, who retired in June 2018, saved $119,009 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Klein would collect as much as $2.23 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Klein received $46,899 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Klein will have already received $144,960 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS