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DeKalb Times

Saturday, May 10, 2025

Former state university employee Fortner paid in $136K to pension fund, could collect $2.68M in retirement

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Former state university employee Michael Fortner, who retired in January 2016, saved $136,483 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Fortner would collect as much as $2.68 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Fortner received $56,392 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fortner will have already received $174,303 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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