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Quincy Reporter

Friday, April 4, 2025

Former state university employee Emerick paid in $8K to pension fund, could collect $637K in retirement

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Former state university employee Jean Emerick, who retired in June 2018, saved $7,650 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Emerick would collect as much as $637,249, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes Emerick received $13,394 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Emerick will have already received $13,394 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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