Quantcast

Chambana Sun

Saturday, June 28, 2025

Former state university employee Carpenter paid in $10K to pension fund, could collect $291K in retirement

Money041

Former state university employee Anita Carpenter, who retired in June 2018, saved $9,942 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Carpenter would collect as much as $291,013, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Carpenter received $6,116 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Carpenter will have already received $12,415 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS