Quantcast

Sangamon Sun

Monday, July 7, 2025

Former state university employee Sacks Botto paid in $54K to pension fund, could collect $742K in retirement

Money 05

Former state university employee Marcie Sacks Botto, who retired in June 2018, saved $54,312 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sacks Botto would collect as much as $742,176, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Sacks Botto received $15,600 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Sacks Botto will have already received $65,265 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