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DeKalb Times

Wednesday, May 14, 2025

Former state university employee Mann paid in $171K to pension fund, could collect $3.7M in retirement

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Former state university employee Michael Mann, who retired in June 2017, saved $171,058 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mann would collect as much as $3.7 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Mann received $77,754 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mann will have already received $240,331 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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