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Carbondale Reporter

Saturday, November 23, 2024

Former state university employee Lordan paid in $146K to pension fund, could collect $3.28M in retirement

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Former state university employee Ellenora Lordan, who retired in June 2017, saved $145,986 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lordan would collect as much as $3.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Lordan received $68,859 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lordan will have already received $212,837 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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