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Sangamon Sun

Tuesday, May 13, 2025

Former state university employee Seagle paid in $79K to pension fund, could collect $1.37M in retirement

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Former state university employee Carol Seagle, who retired in May 2017, saved $78,692 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Seagle would collect as much as $1.37 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Seagle received $28,829 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Seagle will have already received $89,108 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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