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Sangamon Sun

Friday, July 11, 2025

Former state university employee Dunn paid in $84K to pension fund, could collect $2.36M in retirement

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Former state university employee Galen Dunn, who retired in October 2018, saved $83,957 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dunn would collect as much as $2.36 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Dunn received $49,547 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Dunn will have already received $100,580 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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