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DeKalb Times

Friday, October 3, 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.

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