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Rock Island Today

Thursday, July 17, 2025

Former state university employee Youngs paid in $31K to pension fund, could collect $300K in retirement

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Former state university employee Joel Youngs, who retired in December 2017, saved $30,585 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Youngs would collect as much as $300,296, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Youngs received $6,312 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Youngs will have already received $33,510 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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