Former state university employee Schlosser paid in $19K to pension fund, could collect $572K in retirement

By East Central Reporter Reports

Feb 1, 2019

Former state university employee Neely Schlosser, who retired in January 2019, saved $19,039 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Schlosser would collect as much as $572,046, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Schlosser received $12,024 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Schlosser will have already received $24,409 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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