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Sangamon Sun

Monday, May 12, 2025

Former state university employee Cassens paid in $30K to pension fund, could collect $631K in retirement

Money 01

Former state university employee David Cassens, who retired in November 2017, saved $29,780 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cassens would collect as much as $631,438, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Cassens received $13,272 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cassens will have already received $41,022 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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