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DeKalb Times

Friday, April 18, 2025

Former state university employee Crawford paid in $117K to pension fund, could collect $2.2M in retirement

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Former state university employee Paul Crawford, who retired in January 2016, saved $116,522 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Crawford would collect as much as $2.2 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Crawford received $46,255 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Crawford will have already received $142,970 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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