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Macon Reporter

Friday, November 22, 2024

Former state university employee Wentworth paid in $2K to pension fund, could collect $84K in retirement

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Former state university employee Pamela Wentworth, who retired in November 2016, saved $1,790 toward a pension over 3 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wentworth would collect as much as $83,894, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Wentworth received $1,763 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Wentworth will have already received $3,579 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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