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Sangamon Sun

Wednesday, July 30, 2025

Former state university employee Zawacke paid in $15K to pension fund, could collect $286K in retirement

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Former state university employee Michael Zawacke, who retired in January 2019, saved $15,402 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Zawacke would collect as much as $286,023, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Zawacke received $6,012 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Zawacke will have already received $18,582 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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