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McLean County Times

Sunday, November 24, 2024

Former state university employee Langhoff paid in $51K to pension fund, could collect $969K in retirement

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Former state university employee Jacqueline Langhoff, who retired in January 2017, saved $50,682 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Langhoff would collect as much as $968,837, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Langhoff received $20,364 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Langhoff will have already received $62,943 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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