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DeKalb Times

Monday, November 18, 2024

Former state university employee Kalisiak paid in $6K to pension fund, could collect $43K in retirement

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Former state university employee Roger Kalisiak, who retired in March 2018, saved $5,745 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kalisiak would collect as much as $42,817, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Kalisiak received $900 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 6 years of retirement, Kalisiak will have already received $5,824 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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