Quantcast

DeKalb Times

Wednesday, May 14, 2025

Former state university employee Finn paid in $95K to pension fund, could collect $1.75M in retirement

Shutterstock 113962678

Former state university employee Nancy Finn, who retired in June 2017, saved $95,010 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Finn would collect as much as $1.75 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Finn received $36,835 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Finn will have already received $113,853 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS