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McLean County Times

Friday, July 18, 2025

Former state university employee Cunningham paid in $123K to pension fund, could collect $2.24M in retirement

Money 01

Former state university employee James Cunningham, who retired in May 2018, saved $122,501 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cunningham would collect as much as $2.24 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Cunningham received $47,186 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cunningham will have already received $145,848 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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