Quantcast

Sangamon Sun

Wednesday, July 23, 2025

Former state university employee Coe paid in $51K to pension fund, could collect $1.28M in retirement

Money 08

Former state university employee Karen Coe, who retired in January 2016, saved $50,532 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Coe would collect as much as $1.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Coe received $26,864 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Coe will have already received $54,534 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