Former state university employee Duhm paid in $68K to pension fund, could collect $1.75M in retirement

By Rock Island Today Reports

Oct 1, 2018

Former state university employee Marceia Duhm, who retired in September 2018, saved $68,452 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Duhm would collect as much as $1.75 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Duhm received $36,805 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Duhm will have already received $74,714 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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