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Chambana Sun

Friday, April 26, 2024

Former state university employee Dietz paid in $68K to pension fund, could collect $2.32M in retirement

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Former state university employee Debbi Dietz, who retired in January 2016, saved $68,128 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dietz would collect as much as $2.32 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Dietz received $48,715 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Dietz will have already received $98,891 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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