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DeKalb Times

Wednesday, May 14, 2025

Former state university employee Cowley paid in $2K to pension fund, could collect $154K in retirement

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Former state university employee Lisa Cowley, who retired in December 2016, saved $1,756 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cowley would collect as much as $153,870, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Cowley received $3,234 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Cowley will have already received $3,234 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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