Former state university employee Barker paid in $117K to pension fund, could collect $2.87M in retirement

By East Central Reporter Reports

Jun 1, 2016

Former state university employee Deborah Barker, who retired in May 2016, saved $116,951 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Barker would collect as much as $2.87 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Barker received $60,318 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Barker will have already received $122,446 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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