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West Central Reporter

Thursday, September 18, 2025

Former state university employee Riley paid in $83K to pension fund, could collect $1.5M in retirement

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Former state university employee Sharon Riley, who retired in January 2019, saved $83,044 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Riley would collect as much as $1.5 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Riley received $31,512 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Riley will have already received $97,400 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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