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Lake County Gazette

Sunday, June 29, 2025

Former state university employee Cameron paid in $8K to pension fund, could collect $145K in retirement

Money 04

Former state university employee Shenach Cameron, who retired in June 2017, saved $7,807 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cameron would collect as much as $145,249, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Cameron received $3,053 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cameron will have already received $9,437 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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