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Chambana Sun

Saturday, April 20, 2024

Former state university employee Camp paid in $94K to pension fund, could collect $1.86M in retirement

Money759

Former state university employee Robyn Camp, who retired in December 2018, saved $93,899 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Camp would collect as much as $1.86 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Camp received $39,192 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Camp will have already received $121,139 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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