Former state university employee Dyson paid in $69K to pension fund, could collect $1.76M in retirement

By Local Labs News Service

Feb 1, 2016

Former state university employee Deborah Dyson, who retired in January 2016, saved $69,336 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dyson would collect as much as $1.76 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Dyson received $36,967 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Dyson will have already received $75,043 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois at Chicago

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