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Carbondale Reporter

Monday, December 23, 2024

Former state university employee Eberle paid in $128K to pension fund, could collect $2.91M in retirement

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Former state university employee Michiko Eberle, who retired in June 2016, saved $128,345 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Eberle would collect as much as $2.91 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Eberle received $61,140 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Eberle will have already received $188,977 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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