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Carbondale Reporter

Saturday, November 23, 2024

Former state university employee Fuller paid in $30K to pension fund, could collect $464K in retirement

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Former state university employee Sharon Fuller, who retired in January 2017, saved $29,627 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Fuller would collect as much as $463,888, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Fuller received $9,750 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fuller will have already received $30,137 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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