Quantcast

Sangamon Sun

Friday, April 18, 2025

Former state university employee Pomerantz paid in $25K to pension fund, could collect $524K in retirement

Shutterstock 443523118

Former state university employee Henry Pomerantz, who retired in June 2018, saved $25,259 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Pomerantz would collect as much as $524,039, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Pomerantz received $11,014 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pomerantz will have already received $34,042 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