Quantcast

DeKalb Times

Thursday, October 2, 2025

Former state university employee Mitchell paid in $61K to pension fund, could collect $1.04M in retirement

Money 06

Former state university employee Lynn Mitchell, who retired in June 2016, saved $60,603 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mitchell would collect as much as $1.04 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Mitchell received $21,840 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mitchell will have already received $67,505 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS