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DeKalb Times

Wednesday, May 14, 2025

Former state university employee Johnson paid in $49K to pension fund, could collect $802K in retirement

Money 03

Former state university employee Jeffrey Johnson, who retired in June 2017, saved $49,240 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Johnson would collect as much as $802,321, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Johnson received $16,864 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Johnson will have already received $52,125 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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