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South Cook News

Wednesday, May 14, 2025

Former state university employee Armellino paid in $5K to pension fund, could collect $110K in retirement

Money272

Former state university employee John Armellino, who retired in January 2016, saved $4,919 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Armellino would collect as much as $109,625, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Armellino received $2,304 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Armellino will have already received $7,121 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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