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Carbondale Reporter

Sunday, November 24, 2024

Former state university employee Eckhardt paid in $32K to pension fund, could collect $570K in retirement

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Former state university employee Anita Eckhardt, who retired in May 2016, saved $31,924 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Eckhardt would collect as much as $570,202, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Eckhardt received $11,985 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Eckhardt will have already received $37,045 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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