Quantcast

Sangamon Sun

Monday, April 21, 2025

Former state university employee Browning paid in $68K to pension fund, could collect $1.61M in retirement

Shutterstock 65427295

Former state university employee Ronald Browning, who retired in October 2018, saved $68,345 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Browning would collect as much as $1.61 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Browning received $33,776 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Browning will have already received $68,565 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