Dupage Policy Journal

Dupage Policy Journal

Monday, December 16, 2019

Former state university employee Currier paid in $192K to pension fund, could collect $3.24M in retirement

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By Local Labs News Service | Sep 1, 2018

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Former state university employee Charles Currier, who retired in August 2018, saved $191,637 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Currier would collect as much as $3.24 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Currier received $68,020 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Currier will have already received $210,244 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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