Former state university employee Decker paid in $20K to pension fund, could collect $298K in retirement

By Local Labs News Service

Feb 1, 2018

Former state university employee Carol Decker, who retired in January 2018, saved $20,435 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Decker would collect as much as $298,457, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Decker received $6,273 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Decker will have already received $26,244 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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