Quantcast

Chambana Sun

Monday, August 4, 2025

Former state university employee Williams paid in $157K to pension fund, could collect $3.75M in retirement

Money836

Former state university employee Linda Williams, who retired in January 2019, saved $156,932 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $3.75 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Williams received $78,912 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Williams will have already received $160,191 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS