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DeKalb Times

Thursday, October 2, 2025

Former state university employee Sibley paid in $85K to pension fund, could collect $1.92M in retirement

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Former state university employee Carol Sibley, who retired in January 2016, saved $84,811 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sibley would collect as much as $1.92 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Sibley received $40,362 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sibley will have already received $124,755 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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