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Sangamon Sun

Friday, April 18, 2025

Former state university employee Danegger paid in $14K to pension fund, could collect $409K in retirement

Money 02

Former state university employee Marilyn Danegger, who retired in January 2016, saved $14,274 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Danegger would collect as much as $408,625, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Danegger received $8,589 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Danegger will have already received $17,436 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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