Former state university employee Johnson paid in $61K to pension fund, could collect $857K in retirement

By East Central Reporter Reports

Sep 1, 2018

Former state university employee Carrie Johnson, who retired in August 2018, saved $60,529 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Johnson would collect as much as $857,151, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Johnson received $18,016 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Johnson will have already received $75,371 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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