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Metro East Sun

Saturday, April 12, 2025

Former state university employee Buck paid in $50K to pension fund, could collect $743K in retirement

Money 03

Former state university employee Martha Buck, who retired in July 2016, saved $50,449 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Buck would collect as much as $743,324, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Buck received $15,624 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Buck will have already received $65,366 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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