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Sangamon Sun

Monday, May 12, 2025

Former state university employee Shelton paid in $20K to pension fund, could collect $996K in retirement

Money 02

Former state university employee Ann Shelton, who retired in October 2017, saved $19,533 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Shelton would collect as much as $995,686, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Shelton received $20,928 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Shelton will have already received $20,928 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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