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DeKalb Times

Saturday, April 19, 2025

Former state university employee Taylor paid in $63K to pension fund, could collect $1.47M in retirement

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Former state university employee Shannon Taylor, who retired in July 2016, saved $62,589 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Taylor would collect as much as $1.47 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Taylor received $30,836 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Taylor will have already received $62,597 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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