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Carbondale Reporter

Thursday, October 2, 2025

Former state university employee Alvis paid in $55K to pension fund, could collect $1.16M in retirement

Money041

Former state university employee Tami Alvis, who retired in December 2016, saved $54,887 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Alvis would collect as much as $1.16 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Alvis received $24,285 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Alvis will have already received $75,063 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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