Former state university employee Wilson paid in $58K to pension fund, could collect $1.18M in retirement

By East Central Reporter Reports

Apr 1, 2016

Former state university employee Danny Wilson, who retired in March 2016, saved $57,844 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wilson would collect as much as $1.18 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Wilson received $24,865 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilson will have already received $76,855 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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