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DeKalb Times

Friday, October 3, 2025

Former state university employee Latimer paid in $84K to pension fund, could collect $1.47M in retirement

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Former state university employee James Latimer, who retired in December 2018, saved $84,398 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Latimer would collect as much as $1.47 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Latimer received $30,876 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Latimer will have already received $95,434 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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