Former state university employee Krashen paid in $5K to pension fund, could collect $49K in retirement

Former state university employee Carol Krashen, who retired in June 2017, saved $4,871 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Krashen would collect as much as $48,898, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Krashen received $1,027 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Krashen will have already received $5,455 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.