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Carbondale Reporter

Thursday, October 2, 2025

Former state university employee Stanley paid in $120K to pension fund, could collect $1.05M in retirement

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Former state university employee Scotty Stanley, who retired in January 2019, saved $119,868 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stanley would collect as much as $1.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Stanley received $22,080 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 6 years of retirement, Stanley will have already received $142,821 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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