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McLean County Times

Thursday, May 16, 2024

Former state university employee Stufflebeam paid in $31K to pension fund, could collect $553K in retirement

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Former state university employee Lillie Stufflebeam, who retired in October 2016, saved $31,375 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stufflebeam would collect as much as $552,961, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Stufflebeam received $11,622 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stufflebeam will have already received $35,923 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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