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Illinois Valley Times

Monday, April 28, 2025

Former state university employee Eiten paid in $3K to pension fund, could collect $120K in retirement

Money836

Former state university employee Mary Eiten, who retired in April 2017, saved $2,607 toward a pension over 4 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Eiten would collect as much as $119,890, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Eiten received $2,520 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Eiten will have already received $5,116 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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