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DeKalb Times

Saturday, June 7, 2025

Former state university employee Dawson paid in $92K to pension fund, could collect $1.08M in retirement

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Former state university employee Patrick Dawson, who retired in February 2016, saved $91,805 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dawson would collect as much as $1.08 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Dawson received $22,634 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dawson will have already received $94,691 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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