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DeKalb Times

Sunday, November 24, 2024

Former state university employee Kuryliw paid in $170K to pension fund, could collect $4.51M in retirement

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Former state university employee Herbert Kuryliw, who retired in February 2018, saved $169,866 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kuryliw would collect as much as $4.51 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Kuryliw received $94,763 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kuryliw will have already received $192,369 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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