Quantcast

Carbondale Reporter

Friday, October 3, 2025

Former state university employee Lowry paid in $36K to pension fund, could collect $644K in retirement

Money041

Former state university employee Pamela Lowry, who retired in March 2018, saved $35,931 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lowry would collect as much as $643,592, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Lowry received $13,527 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lowry will have already received $41,811 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS