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Carbondale Reporter

Saturday, November 23, 2024

Former state university employee Green paid in $83K to pension fund, could collect $1.26M in retirement

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Former state university employee Judith Green, who retired in June 2017, saved $83,016 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Green would collect as much as $1.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Green received $26,548 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Green will have already received $111,065 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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