Quantcast

DeKalb Times

Tuesday, May 13, 2025

Former state university employee Dunn Kenney paid in $77K to pension fund, could collect $1.13M in retirement

Shutterstock 443523112

Former state university employee Maylan Dunn Kenney, who retired in January 2016, saved $77,253 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dunn Kenney would collect as much as $1.13 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Dunn Kenney received $23,741 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dunn Kenney will have already received $99,324 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS