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DeKalb Times

Friday, October 3, 2025

Former state university employee Small paid in $125K to pension fund, could collect $2.89M in retirement

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Former state university employee Andrew Small, who retired in March 2018, saved $124,698 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Small would collect as much as $2.89 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Small received $60,658 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Small will have already received $187,488 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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