Former state university employee Anthony paid in $136K to pension fund, could collect $3.48M in retirement

By Local Labs News Service

Feb 1, 2016

Former state university employee Paul Anthony, who retired in January 2016, saved $136,044 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Anthony would collect as much as $3.48 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Anthony received $73,153 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Anthony will have already received $148,501 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Southern Illinois University At Edwardsville

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