Quantcast

Sangamon Sun

Wednesday, June 4, 2025

Former state university employee Stoltman paid in $9K to pension fund, could collect $200K in retirement

Shutterstock 385535740

Former state university employee Debra Stoltman, who retired in September 2017, saved $8,617 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stoltman would collect as much as $200,387, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Stoltman received $4,212 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stoltman will have already received $13,018 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS