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Sangamon Sun

Wednesday, June 4, 2025

Former state university employee Alonzi paid in $5K to pension fund, could collect $36K in retirement

Money 07

Former state university employee Andrew Alonzi, who retired in March 2018, saved $4,731 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Alonzi would collect as much as $35,949, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Alonzi received $755 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 6 years of retirement, Alonzi will have already received $4,885 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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