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Lake County Gazette

Sunday, June 29, 2025

Former state university employee Ryan paid in $40K to pension fund, could collect $619K in retirement

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Former state university employee Susan Ryan, who retired in October 2017, saved $40,460 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ryan would collect as much as $619,037, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Ryan received $13,011 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Ryan will have already received $54,432 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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