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East Central Reporter

Monday, May 20, 2024

Former state university employee Voudrie paid in $6K to pension fund, could collect $79K in retirement

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Former state university employee Cynthia Voudrie, who retired in January 2016, saved $5,689 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Voudrie would collect as much as $78,933, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Voudrie received $1,659 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Voudrie will have already received $6,941 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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