Quantcast

Chambana Sun

Tuesday, April 29, 2025

Former state university employee Cumpston paid in $71K to pension fund, could collect $1.65M in retirement

Shutterstock 469426916

Former state university employee Lori Cumpston, who retired in May 2017, saved $70,652 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cumpston would collect as much as $1.65 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Cumpston received $34,636 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cumpston will have already received $107,056 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS