Quantcast

Sangamon Sun

Wednesday, July 30, 2025

Former state university employee Lynch paid in $140K to pension fund, could collect $2.95M in retirement

Shutterstock 443523118

Former state university employee Janet Lynch, who retired in June 2017, saved $140,497 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lynch would collect as much as $2.95 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Lynch received $62,030 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lynch will have already received $191,729 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS