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Sangamon Sun

Monday, May 12, 2025

Former state university employee Stanford paid in $104K to pension fund, could collect $2.61M in retirement

Money 05

Former state university employee Roberta Stanford, who retired in May 2018, saved $104,302 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stanford would collect as much as $2.61 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Stanford received $54,807 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Stanford will have already received $111,258 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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