South Central Reporter

Former state university employee Dean Daum, who retired in January 2019, saved $48,960 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Daum would collect as much as $693,649, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Daum received $14,580 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Daum will have already received $60,997 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.