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DeKalb Times

Friday, April 18, 2025

Former state university employee Russell paid in $167K to pension fund, could collect $4.15M in retirement

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Former state university employee Susan Russell, who retired in January 2016, saved $167,031 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Russell would collect as much as $4.15 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Russell received $87,314 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Russell will have already received $177,247 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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