Quantcast

Sangamon Sun

Tuesday, November 5, 2024

Former state university employee Goudreau paid in $182K to pension fund, could collect $3.8M in retirement

Shutterstock 443523112

Former state university employee Kim Goudreau, who retired in June 2017, saved $181,661 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Goudreau would collect as much as $3.8 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Goudreau received $79,834 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Goudreau will have already received $246,759 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