Former state university employee Christion paid in $112K to pension fund, could collect $1.74M in retirement

By Local Labs News Service

Jan 1, 2019

Former state university employee Sylvester Christion, who retired in December 2018, saved $111,818 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Christion would collect as much as $1.74 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Christion received $36,624 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Christion will have already received $113,202 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 Chicago

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