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DeKalb Times

Sunday, April 6, 2025

Former state university employee Ong paid in $97K to pension fund, could collect $2.15M in retirement

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Former state university employee Lina Ong, who retired in January 2018, saved $96,540 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ong would collect as much as $2.15 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Ong received $45,160 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ong will have already received $139,585 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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