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Carbondale Reporter

Saturday, November 23, 2024

Former state university employee Robinson paid in $32K to pension fund, could collect $486K in retirement

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Former state university employee Mary Robinson, who retired in January 2017, saved $31,997 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Robinson would collect as much as $485,823, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Robinson received $10,211 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Robinson will have already received $42,719 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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