Quantcast

Chambana Sun

Thursday, June 26, 2025

Former state university employee Green paid in $48K to pension fund, could collect $1.04M in retirement

Shutterstock 262120544

Former state university employee Willie Green, who retired in January 2016, saved $47,928 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Green would collect as much as $1.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Green received $21,915 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Green will have already received $67,736 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