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Sangamon Sun

Saturday, September 13, 2025

Former state university employee Holley paid in $22K to pension fund, could collect $229K in retirement

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Former state university employee Ruth Holley, who retired in April 2018, saved $22,119 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Holley would collect as much as $228,641, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Holley received $4,805 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Holley will have already received $25,509 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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