Quantcast

DeKalb Times

Wednesday, June 18, 2025

Former state university employee Marx paid in $107K to pension fund, could collect $2.58M in retirement

Money 04

Former state university employee Charlotte Marx, who retired in December 2018, saved $107,168 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Marx would collect as much as $2.58 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Marx received $54,288 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Marx will have already received $110,205 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