Former state university employee Whisler paid in $182K to pension fund, could collect $4.2M in retirement

By East Central Reporter Reports

Jul 1, 2018

Former state university employee Karen Whisler, who retired in June 2018, saved $182,488 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Whisler would collect as much as $4.2 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Whisler received $88,372 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Whisler will have already received $273,149 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Eastern Illinois University

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