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Macon Reporter

Sunday, November 24, 2024

Former state university employee Bond paid in $15K to pension fund, could collect $225K in retirement

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Former state university employee Shirley Bond, who retired in June 2017, saved $15,240 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bond would collect as much as $224,976, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Bond received $4,728 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Bond will have already received $19,780 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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