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Carbondale Reporter

Monday, July 21, 2025

Former state university employee Randolph paid in $64K to pension fund, could collect $1.23M in retirement

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Former state university employee Mary Randolph, who retired in November 2018, saved $64,340 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Randolph would collect as much as $1.23 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Randolph received $25,920 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Randolph will have already received $80,117 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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