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South Cook News

Tuesday, June 17, 2025

Former state university employee Vodicka paid in $12K to pension fund, could collect $246K in retirement

Money041

Former state university employee Alan Vodicka, who retired in January 2016, saved $12,157 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Vodicka would collect as much as $245,643, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Vodicka received $5,163 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vodicka will have already received $15,959 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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