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Sangamon Sun

Saturday, April 20, 2024

Former state university employee Christie paid in $20K to pension fund, could collect $397K in retirement

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Former state university employee Sieglinde Christie, who retired in May 2017, saved $20,410 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Christie would collect as much as $397,064, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Christie received $8,346 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Christie will have already received $25,796 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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