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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Bowman paid in $6K to pension fund, could collect $107K in retirement

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Former state university employee Dennis Bowman, who retired in January 2017, saved $5,740 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bowman would collect as much as $107,210, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Bowman received $2,253 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bowman will have already received $6,965 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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