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Sangamon Sun

Saturday, April 19, 2025

Former state university employee Dunn paid in $75K to pension fund, could collect $1.4M in retirement

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Former state university employee Jack Dunn, who retired in May 2016, saved $75,216 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dunn would collect as much as $1.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Dunn received $29,445 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dunn will have already received $91,011 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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