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Carbondale Reporter

Friday, October 3, 2025

Former state university employee Sarao paid in $86K to pension fund, could collect $1.79M in retirement

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Former state university employee Charlotte Sarao, who retired in January 2018, saved $86,445 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sarao would collect as much as $1.79 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Sarao received $37,543 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sarao will have already received $116,041 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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