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East Central Reporter

Friday, April 19, 2024

Former state university employee Slough paid in $150K to pension fund, could collect $3.3M in retirement

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Former state university employee Marlene Slough, who retired in March 2017, saved $150,194 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Slough would collect as much as $3.3 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Slough received $69,397 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Slough will have already received $214,499 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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