Quantcast

Sangamon Sun

Wednesday, July 23, 2025

Former state university employee Tucker paid in $56K to pension fund, could collect $999K in retirement

Money 07

Former state university employee Myra Tucker, who retired in January 2016, saved $55,706 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Tucker would collect as much as $998,507, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Tucker received $20,987 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tucker will have already received $64,870 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS