Former state university employee Manley paid in $87K to pension fund, could collect $1.88M in retirement

By East Central Reporter Reports

Aug 1, 2018

Former state university employee Peggy Manley, who retired in July 2018, saved $86,772 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Manley would collect as much as $1.88 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Manley received $39,575 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Manley will have already received $122,322 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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