Former state university employee Watson paid in $982 to pension fund, could collect $161K in retirement

By East Central Reporter Reports

Aug 1, 2018

Former state university employee Tommy Watson, who retired in July 2018, saved $982 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Watson would collect as much as $160,624, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Watson received $3,376 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Watson will have already received $3,376 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

Lake Land College

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate