Quantcast

Sangamon Sun

Wednesday, April 24, 2024

Former state university employee Disney paid in $51K to pension fund, could collect $1.25M in retirement

Money 07

Former state university employee Kimberly Disney, who retired in December 2018, saved $51,009 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Disney would collect as much as $1.25 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Disney received $26,244 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Disney will have already received $53,275 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