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Chicago City Wire

Saturday, April 20, 2024

Former state university employee Dayger paid in $28K to pension fund, could collect $544K in retirement

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Former state university employee John Dayger, who retired in October 2017, saved $27,514 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dayger would collect as much as $543,678, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Dayger received $11,427 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dayger will have already received $35,320 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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