Quantcast

Chambana Sun

Tuesday, April 29, 2025

Former state university employee Valentine paid in $55K to pension fund, could collect $1.11M in retirement

Shutterstock 262120544

Former state university employee Cherie Valentine, who retired in August 2018, saved $55,294 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Valentine would collect as much as $1.11 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Valentine received $23,235 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Valentine will have already received $71,817 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS