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Carbondale Reporter

Monday, May 20, 2024

Former state university employee Duckworth paid in $59K to pension fund, could collect $902K in retirement

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Former state university employee Holly Duckworth, who retired in January 2019, saved $59,208 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Duckworth would collect as much as $902,029, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Duckworth received $18,960 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Duckworth will have already received $79,322 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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