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Sunday, July 20, 2025

Former state university employee Dawson paid in $9K to pension fund, could collect $154K in retirement

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Former state university employee Mary Dawson, who retired in June 2018, saved $9,230 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dawson would collect as much as $154,047, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Dawson received $3,237 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dawson will have already received $10,005 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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