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Sangamon Sun

Wednesday, July 30, 2025

Former state university employee Moran paid in $7K to pension fund, could collect $99K in retirement

Money759

Former state university employee Joan Moran, who retired in January 2018, saved $7,423 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Moran would collect as much as $99,411, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Moran received $2,089 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Moran will have already received $8,742 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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