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Quincy Reporter

Friday, April 4, 2025

Former state university employee Seabarkrob paid in $59K to pension fund, could collect $1.01M in retirement

Money041

Former state university employee Addie Seabarkrob, who retired in January 2019, saved $59,496 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Seabarkrob would collect as much as $1.01 million, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes Seabarkrob received $21,240 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Seabarkrob will have already received $65,650 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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