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Carbondale Reporter

Wednesday, July 16, 2025

Former state university employee Ferguson paid in $30K to pension fund, could collect $872K in retirement

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Former state university employee Richard Ferguson, who retired in April 2017, saved $29,875 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ferguson would collect as much as $872,097, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Ferguson received $18,330 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Ferguson will have already received $37,210 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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