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Sangamon Sun

Saturday, November 23, 2024

Former state university employee Chriswell paid in $101K to pension fund, could collect $2.1M in retirement

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Former state university employee Linda Chriswell, who retired in June 2016, saved $101,449 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Chriswell would collect as much as $2.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Chriswell received $44,208 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Chriswell will have already received $136,642 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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