Quantcast

Carbondale Reporter

Friday, October 3, 2025

Former state university employee Taylor paid in $61K to pension fund, could collect $800K in retirement

Shutterstock 443523118

Former state university employee Kim Taylor, who retired in October 2017, saved $60,522 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Taylor would collect as much as $800,186, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Taylor received $16,819 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Taylor will have already received $70,366 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS