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DeKalb Times

Sunday, June 15, 2025

Former state university employee Young paid in $61K to pension fund, could collect $988K in retirement

Money 02

Former state university employee Carla Young, who retired in January 2018, saved $60,960 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Young would collect as much as $987,985, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Young received $20,766 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Young will have already received $64,186 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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