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East Central Reporter

Wednesday, May 14, 2025

Former state university employee Davidson paid in $79K to pension fund, could collect $2.1M in retirement

Money 05

Former state university employee Michael Davidson, who retired in February 2016, saved $78,614 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Davidson would collect as much as $2.1 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Davidson received $44,059 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Davidson will have already received $89,440 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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