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Sangamon Sun

Friday, July 18, 2025

Former state university employee Clore paid in $456 to pension fund, could collect $29K in retirement

Money041

Former state university employee Kenneth Clore, who retired in December 2018, saved $456 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Clore would collect as much as $28,545, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Clore received $600 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Clore will have already received $600 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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