Former state university employee Paulson paid in $61K to pension fund, could collect $1.07M in retirement

By East Central Reporter Reports

Dec 1, 2018

Former state university employee Dawn Paulson, who retired in November 2018, saved $61,410 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Paulson would collect as much as $1.07 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Paulson received $22,428 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Paulson will have already received $69,323 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Eastern Illinois University

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