Former state university employee Myroth paid in $53K to pension fund, could collect $1.16M in retirement

By Local Labs News Service

Feb 1, 2016

Former state university employee Christine Myroth, who retired in January 2016, saved $53,235 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Myroth would collect as much as $1.16 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Myroth received $24,304 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Myroth will have already received $75,121 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Northern Illinois University

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