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DeKalb Times

Friday, November 15, 2024

Former state university employee Carlisle paid in $193K to pension fund, could collect $1.96M in retirement

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Former state university employee Sandi Carlisle, who retired in September 2018, saved $192,805 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Carlisle would collect as much as $1.96 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Carlisle received $41,138 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Carlisle will have already received $218,406 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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