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DeKalb Times

Friday, April 18, 2025

Former state university employee Arriola paid in $269K to pension fund, could collect $3.3M in retirement

Money836

Former state university employee Elvia Arriola, who retired in January 2016, saved $268,671 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Arriola would collect as much as $3.3 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Arriola received $69,451 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Arriola will have already received $290,558 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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