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North Cook News

Monday, November 17, 2025

Former state university employee Dayton paid in $58K to pension fund, could collect $1.39M in retirement

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Former state university employee Barbara Dayton, who retired in January 2019, saved $57,714 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dayton would collect as much as $1.39 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Dayton received $29,196 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Dayton will have already received $59,268 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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