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McLean County Times

Friday, November 15, 2024

Former state university employee Ruch paid in $66K to pension fund, could collect $949K in retirement

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Former state university employee Diane Ruch, who retired in January 2018, saved $65,789 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ruch would collect as much as $949,312, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Ruch received $19,953 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Ruch will have already received $83,478 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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