Quantcast

DeKalb Times

Friday, June 6, 2025

Former state university employee Ammar paid in $149K to pension fund, could collect $3.69M in retirement

Shutterstock 450769633

Former state university employee Gregory Ammar, who retired in January 2016, saved $148,570 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ammar would collect as much as $3.69 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Ammar received $77,578 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Ammar will have already received $157,483 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS