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DeKalb Times

Friday, April 11, 2025

Former state university employee Williamson paid in $17K to pension fund, could collect $345K in retirement

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Former state university employee Douglas Williamson, who retired in January 2016, saved $16,638 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Williamson would collect as much as $345,483, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Williamson received $7,261 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williamson will have already received $22,443 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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