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West Central Reporter

Tuesday, April 29, 2025

Former state university employee West paid in $94K to pension fund, could collect $1.77M in retirement

Money 08

Former state university employee James West, who retired in July 2018, saved $94,486 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, West would collect as much as $1.77 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes West received $37,159 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, West will have already received $114,855 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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