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DeKalb Times

Friday, April 18, 2025

Former state university employee Letheby paid in $69K to pension fund, could collect $1.71M in retirement

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Former state university employee Mary Letheby, who retired in January 2016, saved $68,826 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Letheby would collect as much as $1.71 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Letheby received $36,009 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Letheby will have already received $73,098 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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