Quantcast

DeKalb Times

Wednesday, June 18, 2025

Former state university employee Conlon paid in $72K to pension fund, could collect $1.1M in retirement

Money 01

Former state university employee Edward Conlon, who retired in July 2018, saved $72,072 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Conlon would collect as much as $1.1 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Conlon received $23,205 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Conlon will have already received $97,081 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS