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West Central Reporter

Tuesday, November 26, 2024

Former state university employee Chockley paid in $41K to pension fund, could collect $1.1M in retirement

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Former state university employee Linda Chockley, who retired in March 2019, saved $41,334 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Chockley would collect as much as $1.1 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Chockley received $23,088 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Chockley will have already received $46,869 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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