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Kane County Reporter

Sunday, July 20, 2025

Former state university employee Bosanac paid in $194K to pension fund, could collect $2.98M in retirement

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Former state university employee Mark Bosanac, who retired in June 2018, saved $193,912 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bosanac would collect as much as $2.98 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Bosanac received $62,640 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Bosanac will have already received $262,063 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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