Quantcast

DeKalb Times

Wednesday, May 14, 2025

Former state university employee Zehner paid in $18K to pension fund, could collect $546K in retirement

Shutterstock 443523112

Former state university employee Edwin Zehner, who retired in June 2017, saved $17,864 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Zehner would collect as much as $546,059, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Zehner received $11,477 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Zehner will have already received $23,298 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS