Quantcast

Sangamon Sun

Friday, September 12, 2025

Former state university employee Grinter paid in $121K to pension fund, could collect $1.82M in retirement

Shutterstock 121161052

Former state university employee Mark Grinter, who retired in June 2018, saved $120,569 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Grinter would collect as much as $1.82 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Grinter received $38,181 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Grinter will have already received $159,734 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS