Quantcast

Chambana Sun

Monday, April 28, 2025

Former state university employee Knoblauch paid in $150K to pension fund, could collect $4.1M in retirement

Money272

Former state university employee Laura Knoblauch, who retired in October 2016, saved $149,958 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Knoblauch would collect as much as $4.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Knoblauch received $86,112 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Knoblauch will have already received $174,807 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS