Quantcast

DeKalb Times

Friday, April 18, 2025

Former state university employee Brown paid in $59K to pension fund, could collect $1.24M in retirement

Shutterstock 369740408

Former state university employee Karen Brown, who retired in January 2016, saved $59,159 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Brown would collect as much as $1.24 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Brown received $25,961 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Brown will have already received $80,243 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS