Quantcast

DeKalb Times

Sunday, July 6, 2025

Former state university employee Silver paid in $55K to pension fund, could collect $631K in retirement

Shutterstock 233512279

Former state university employee Eileen Silver, who retired in September 2018, saved $55,075 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Silver would collect as much as $631,420, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Silver received $13,272 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Silver will have already received $55,524 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS