Quantcast

DeKalb Times

Sunday, May 18, 2025

Former state university employee Clark paid in $5K to pension fund, could collect $583K in retirement

Money041

Former state university employee Sara Clark, who retired in October 2017, saved $4,793 toward a pension over 4 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Clark would collect as much as $582,802, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Clark received $12,250 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Clark will have already received $12,250 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS