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DeKalb Times

Saturday, June 7, 2025

Former state university employee Andrew paid in $140K to pension fund, could collect $2.92M in retirement

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Former state university employee Thomas Andrew, who retired in November 2016, saved $139,962 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Andrew would collect as much as $2.92 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Andrew received $61,342 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Andrew will have already received $189,601 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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