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Carbondale Reporter

Wednesday, October 1, 2025

Former state university employee Ritcher paid in $17K to pension fund, could collect $914K in retirement

Money 02

Former state university employee Gary Ritcher, who retired in January 2016, saved $16,541 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ritcher would collect as much as $914,030, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Ritcher received $19,212 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Ritcher will have already received $19,212 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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