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McLean County Times

Sunday, November 24, 2024

Former state university employee Kriegsman paid in $49K to pension fund, could collect $737K in retirement

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Former state university employee Bethany Kriegsman, who retired in August 2017, saved $48,549 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kriegsman would collect as much as $736,798, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Kriegsman received $15,486 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kriegsman will have already received $64,790 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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