Former state university employee Longley paid in $29K to pension fund, could collect $588K in retirement

By East Central Reporter Reports

Feb 1, 2018

Former state university employee Susan Longley, who retired in January 2018, saved $29,218 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Longley would collect as much as $587,940, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Longley received $12,358 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Longley will have already received $38,198 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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