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Sangamon Sun

Monday, May 12, 2025

Former state university employee Wilkes paid in $46K to pension fund, could collect $903K in retirement

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Former state university employee Earl Wilkes, who retired in January 2017, saved $46,498 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wilkes would collect as much as $903,474, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Wilkes received $18,990 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilkes will have already received $58,697 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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