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Illinois Valley Times

Monday, April 28, 2025

Former state university employee Templeton paid in $6K to pension fund, could collect $136K in retirement

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Former state university employee Thomas Templeton, who retired in June 2017, saved $6,314 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Templeton would collect as much as $135,938, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Templeton received $2,857 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Templeton will have already received $8,831 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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