Quantcast

Chambana Sun

Wednesday, June 25, 2025

Former state university employee Stephens paid in $30K to pension fund, could collect $641K in retirement

Money272

Former state university employee Lisa Stephens, who retired in January 2016, saved $30,425 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stephens would collect as much as $640,960, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Stephens received $13,472 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stephens will have already received $41,640 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS