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Carbondale Reporter

Thursday, October 2, 2025

Former state university employee Smoot paid in $74K to pension fund, could collect $3.33M in retirement

Money759

Former state university employee Carolyn Smoot, who retired in December 2016, saved $74,155 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Smoot would collect as much as $3.33 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Smoot received $70,074 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Smoot will have already received $142,250 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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