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Rock Island Today

Friday, October 3, 2025

Former state university employee Ely paid in $89 to pension fund, could collect $6K in retirement

Money041

Former state university employee Marguerite Ely, who retired in July 2017, saved $89 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ely would collect as much as $5,880, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Ely received $123 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Ely will have already received $123 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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