Quantcast

Sangamon Sun

Monday, July 28, 2025

Former state university employee Kilmer paid in $24K to pension fund, could collect $632K in retirement

Shutterstock 65427295

Former state university employee Dennis Kilmer, who retired in August 2017, saved $23,743 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kilmer would collect as much as $632,465, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Kilmer received $13,293 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kilmer will have already received $26,985 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS