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Kane County Reporter

Saturday, May 17, 2025

Former state university employee Burstein paid in $32K to pension fund, could collect $578K in retirement

Money 05

Former state university employee Carole Burstein, who retired in June 2017, saved $31,840 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Burstein would collect as much as $578,069, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Burstein received $12,150 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Burstein will have already received $37,555 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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