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Sangamon Sun

Monday, April 21, 2025

Former state university employee Vaughn paid in $93K to pension fund, could collect $1.37M in retirement

Money 04

Former state university employee Robert Vaughn, who retired in October 2017, saved $92,536 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Vaughn would collect as much as $1.37 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Vaughn received $28,732 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Vaughn will have already received $120,204 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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