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South Cook News

Sunday, May 18, 2025

Former state university employee Evans paid in $2K to pension fund, could collect $47K in retirement

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Former state university employee David Evans, who retired in December 2016, saved $1,703 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Evans would collect as much as $46,968, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Evans received $987 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Evans will have already received $2,004 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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