Former state university employee Ellison paid in $256 to pension fund, could collect $31K in retirement

By East Central Reporter Reports

Jun 1, 2017

Former state university employee Marilyn Ellison, who retired in May 2017, saved $256 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ellison would collect as much as $31,365, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Ellison received $659 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Ellison will have already received $659 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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