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Kane County Reporter

Thursday, April 24, 2025

Former state university employee Kelly paid in $13K to pension fund, could collect $344K in retirement

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Former state university employee Anne Kelly, who retired in November 2016, saved $13,192 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kelly would collect as much as $343,781, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Kelly received $7,226 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kelly will have already received $14,669 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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