Former state university employee Scalise paid in $138K to pension fund, could collect $2.56M in retirement

Former state university employee Sharon Scalise, who retired in January 2018, saved $138,344 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Scalise would collect as much as $2.56 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Scalise received $53,804 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Scalise will have already received $166,303 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.