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Carbondale Reporter

Saturday, June 28, 2025

Former state university employee Elliott Thompson paid in $69K to pension fund, could collect $1.72M in retirement

Money 05

Former state university employee Tracy Elliott Thompson, who retired in September 2016, saved $68,635 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Elliott Thompson would collect as much as $1.72 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Elliott Thompson received $36,105 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Elliott Thompson will have already received $73,293 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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