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Carbondale Reporter

Thursday, October 2, 2025

Former state university employee Bunselmeyer paid in $19K to pension fund, could collect $819K in retirement

Money 07

Former state university employee Peggy Bunselmeyer, who retired in April 2017, saved $18,633 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bunselmeyer would collect as much as $818,597, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Bunselmeyer received $17,206 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bunselmeyer will have already received $34,928 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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