Former state university employee Zordani paid in $71K to pension fund, could collect $1.07M in retirement

By East Central Reporter Reports

Feb 1, 2018

Former state university employee Robert Zordani, who retired in January 2018, saved $71,048 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Zordani would collect as much as $1.07 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Zordani received $22,496 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Zordani will have already received $94,115 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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