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East Central Reporter

Sunday, July 20, 2025

Former state university employee Boswell paid in $151K to pension fund, could collect $3.5M in retirement

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Former state university employee Parley Boswell, who retired in June 2017, saved $151,253 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Boswell would collect as much as $3.5 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Boswell received $73,632 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Boswell will have already received $227,589 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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