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McLean County Times

Monday, May 6, 2024

Former state university employee Kukla paid in $150K to pension fund, could collect $2.68M in retirement

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Former state university employee Cynthia Kukla, who retired in January 2016, saved $149,962 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kukla would collect as much as $2.68 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Kukla received $56,419 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kukla will have already received $174,386 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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