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DeKalb Times

Wednesday, April 9, 2025

Former state university employee Owen paid in $12K to pension fund, could collect $597K in retirement

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Former state university employee Debra Owen, who retired in January 2018, saved $11,926 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Owen would collect as much as $596,755, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Owen received $12,543 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Owen will have already received $12,543 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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