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DeKalb Times

Wednesday, June 18, 2025

Former state university employee Leonard paid in $19K to pension fund, could collect $184K in retirement

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Former state university employee Colleen Leonard, who retired in December 2018, saved $18,680 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Leonard would collect as much as $183,831, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Leonard received $3,864 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Leonard will have already received $20,514 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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