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DeKalb Times

Saturday, April 19, 2025

Former state university employee Morlan paid in $13K to pension fund, could collect $210K in retirement

Money 08

Former state university employee Diane Morlan, who retired in October 2016, saved $13,454 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Morlan would collect as much as $209,950, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Morlan received $4,413 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Morlan will have already received $13,639 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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