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Sangamon Sun

Monday, May 12, 2025

Former state university employee Levora paid in $22K to pension fund, could collect $288K in retirement

Money 01

Former state university employee William Levora, who retired in August 2017, saved $22,444 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Levora would collect as much as $287,770, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Levora received $6,048 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Levora will have already received $25,301 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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