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Illinois Valley Times

Monday, April 28, 2025

Former state university employee Thorne paid in $1K to pension fund, could collect $48K in retirement

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Former state university employee Steven Thorne, who retired in September 2016, saved $1,087 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Thorne would collect as much as $47,733, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Thorne received $1,003 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Thorne will have already received $2,036 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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