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DeKalb Times

Wednesday, May 14, 2025

Former state university employee Braun paid in $47K to pension fund, could collect $824K in retirement

Money 08

Former state university employee Patricia Braun, who retired in June 2017, saved $47,331 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Braun would collect as much as $824,129, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Braun received $17,322 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Braun will have already received $53,541 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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