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DeKalb Times

Saturday, May 10, 2025

Former state university employee Katz paid in $231K to pension fund, could collect $3.37M in retirement

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Former state university employee Eliakim Katz, who retired in January 2016, saved $231,220 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Katz would collect as much as $3.37 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Katz received $70,802 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Katz will have already received $296,209 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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