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Sangamon Sun

Wednesday, May 14, 2025

Former state university employee Ainsworth paid in $75K to pension fund, could collect $1.28M in retirement

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Former state university employee Jerry Ainsworth, who retired in August 2016, saved $74,989 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ainsworth would collect as much as $1.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Ainsworth received $26,816 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ainsworth will have already received $82,885 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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