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Chicago City Wire

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Former state university employee Stickels paid in $120K to pension fund, could collect $2.04M in retirement

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By Local Labs News Service | Jul 1, 2018

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Former state university employee Lisa Stickels, who retired in June 2018, saved $120,362 toward a pension over 35 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stickels would collect as much as $2.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Stickels received $42,908 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stickels will have already received $132,624 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois at Urbana Champaign

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