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Carbondale Reporter

Monday, April 21, 2025

Former state university employee Scott paid in $87K to pension fund, could collect $1M in retirement

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Former state university employee Taylor Scott, who retired in January 2016, saved $86,937 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Scott would collect as much as $1 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Scott received $21,029 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Scott will have already received $87,978 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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