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Sangamon Sun

Saturday, October 4, 2025

Former state university employee Cunningham paid in $20K to pension fund, could collect $224K in retirement

Money 05

Former state university employee Linda Cunningham, who retired in November 2016, saved $20,311 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cunningham would collect as much as $224,331, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Cunningham received $4,715 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Cunningham will have already received $25,032 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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