Former state university employee Johnson paid in $20K to pension fund, could collect $570K in retirement

By East Central Reporter Reports

Mar 1, 2019

Former state university employee Christine Johnson, who retired in February 2019, saved $20,192 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Johnson would collect as much as $570,334, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Johnson received $11,988 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Johnson will have already received $24,336 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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