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Sangamon Sun

Monday, May 12, 2025

Former state university employee Moore paid in $20K to pension fund, could collect $363K in retirement

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Former state university employee Michael Moore, who retired in April 2018, saved $19,563 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Moore would collect as much as $362,536, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Moore received $7,620 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Moore will have already received $23,553 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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