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Lake County Gazette

Friday, April 19, 2024

Former state university employee Antoni paid in $2K to pension fund, could collect $153K in retirement

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Former state university employee Mary Antoni, who retired in July 2018, saved $1,606 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Antoni would collect as much as $152,585, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Antoni received $3,207 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Antoni will have already received $3,207 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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