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Macon Reporter

Wednesday, April 23, 2025

Former state university employee McLean paid in $23K to pension fund, could collect $377K in retirement

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Former state university employee Peggy McLean, who retired in July 2017, saved $22,856 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McLean would collect as much as $376,780, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes McLean received $7,919 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McLean will have already received $24,478 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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