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Sangamon Sun

Monday, November 25, 2024

Former state university employee Dilley paid in $36K to pension fund, could collect $448K in retirement

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Former state university employee Susan Dilley, who retired in July 2016, saved $35,862 toward a pension over 4 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dilley would collect as much as $448,057, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Dilley received $9,417 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dilley will have already received $39,399 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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