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Peoria Standard

Thursday, April 17, 2025

Former state university employee McKinney paid in $30K to pension fund, could collect $676K in retirement

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Former state university employee Diana McKinney, who retired in March 2016, saved $30,197 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McKinney would collect as much as $676,071, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes McKinney received $14,210 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McKinney will have already received $43,921 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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