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Chambana Sun

Sunday, July 20, 2025

Former state university employee Snider paid in $28K to pension fund, could collect $388K in retirement

Money 02

Former state university employee Shelley Snider, who retired in September 2016, saved $27,765 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Snider would collect as much as $387,655, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Snider received $8,148 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Snider will have already received $34,087 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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