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North Cook News

Saturday, May 17, 2025

Former state university employee Dobzyn paid in $34K to pension fund, could collect $581K in retirement

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Former state university employee Monte Dobzyn, who retired in June 2018, saved $33,613 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dobzyn would collect as much as $581,181, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Dobzyn received $12,216 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dobzyn will have already received $37,757 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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