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Carbondale Reporter

Monday, November 25, 2024

Former state university employee Ethridge paid in $16K to pension fund, could collect $198K in retirement

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Former state university employee Lynne Ethridge, who retired in July 2016, saved $15,655 toward a pension over 4 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ethridge would collect as much as $198,166, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Ethridge received $4,165 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Ethridge will have already received $17,426 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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