Former state university employee Delcourt paid in $99K to pension fund, could collect $2.34M in retirement

By Rock Island Today Reports

Feb 1, 2018

Former state university employee Carrie Delcourt, who retired in January 2018, saved $98,807 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Delcourt would collect as much as $2.34 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Delcourt received $49,106 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Delcourt will have already received $99,685 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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