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Sangamon Sun

Tuesday, July 22, 2025

Former state university employee Wang paid in $36K to pension fund, could collect $368K in retirement

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Former state university employee Feiya Wang, who retired in December 2016, saved $35,556 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wang would collect as much as $368,433, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Wang received $7,744 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Wang will have already received $41,111 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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