Quantcast

Chambana Sun

Sunday, July 6, 2025

Former state university employee Brown paid in $9K to pension fund, could collect $173K in retirement

Money272

Former state university employee Karen Brown, who retired in May 2017, saved $8,692 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Brown would collect as much as $172,778, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Brown received $3,631 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Brown will have already received $11,223 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS