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DeKalb Times

Friday, April 18, 2025

Former state university employee Williams paid in $108K to pension fund, could collect $1.51M in retirement

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Former state university employee Peggy Williams, who retired in January 2016, saved $107,913 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $1.51 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Williams received $31,776 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Williams will have already received $132,938 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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