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Lake County Gazette

Sunday, June 29, 2025

Former state university employee Lahey paid in $21K to pension fund, could collect $349K in retirement

Money759

Former state university employee Stephanie Lahey, who retired in August 2016, saved $20,589 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lahey would collect as much as $348,554, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Lahey received $7,326 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lahey will have already received $22,644 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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