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Dupage Policy Journal

Saturday, August 23, 2025

Former state university employee Coran paid in $106K to pension fund, could collect $1.98M in retirement

Money 06

Former state university employee Kenneth Coran, who retired in August 2017, saved $105,846 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Coran would collect as much as $1.98 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Coran received $41,609 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Coran will have already received $128,609 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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