Former state university employee Reider paid in $58K to pension fund, could collect $1.47M in retirement

By East Central Reporter Reports

Jan 1, 2017

Former state university employee Kristina Reider, who retired in December 2016, saved $58,150 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Reider would collect as much as $1.47 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Reider received $30,937 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Reider will have already received $62,802 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

Lake Land College

!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