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South Cook News

Wednesday, May 14, 2025

Former state university employee Young paid in $29K to pension fund, could collect $1.2M in retirement

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Former state university employee Deborah Young, who retired in January 2016, saved $28,878 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Young would collect as much as $1.2 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Young received $25,214 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Young will have already received $51,184 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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