Former state university employee Bradford paid in $49K to pension fund, could collect $1.36M in retirement

By East Central Reporter Reports

Feb 1, 2018

Former state university employee Sandra Bradford, who retired in January 2018, saved $48,757 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bradford would collect as much as $1.36 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Bradford received $28,503 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bradford will have already received $57,861 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Eastern Illinois University

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