Former state university employee Yokley paid in $89K to pension fund, could collect $1.26M in retirement

By East Central Reporter Reports

Feb 1, 2019

Former state university employee Jimmie Yokley, who retired in January 2019, saved $89,441 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Yokley would collect as much as $1.26 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Yokley received $26,520 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Yokley will have already received $110,950 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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