Quantcast

Rockford Sun

Wednesday, October 1, 2025

Former state university employee McCord paid in $126K to pension fund, could collect $2.57M in retirement

Money 08

Former state university employee Stanley McCord, who retired in January 2016, saved $125,789 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McCord would collect as much as $2.57 million, according to a projection by Local Government Information Services (LGIS), which publishes Rockford Sun.

The projection assumes McCord received $54,098 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McCord will have already received $167,212 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS