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DeKalb Times

Saturday, April 19, 2025

Former state university employee Vanhise paid in $51K to pension fund, could collect $905K in retirement

Money 03

Former state university employee Maria Vanhise, who retired in February 2016, saved $50,950 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Vanhise would collect as much as $905,386, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Vanhise received $19,030 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vanhise will have already received $58,820 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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