Former state university employee Healy paid in $53K to pension fund, could collect $727K in retirement

By Local Labs News Service

Dec 1, 2018

Former state university employee Linda Healy, who retired in November 2018, saved $53,486 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Healy would collect as much as $726,762, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Healy received $15,276 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Healy will have already received $63,908 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Illinois State University

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