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Dupage Policy Journal

Sunday, August 24, 2025

Former state university employee Cox paid in $136K to pension fund, could collect $2.38M in retirement

Money 01

Former state university employee Clyde Cox, who retired in June 2016, saved $135,828 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cox would collect as much as $2.38 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Cox received $50,081 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cox will have already received $154,794 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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