Former state university employee Overstreet paid in $82K to pension fund, could collect $1.29M in retirement

By East Central Reporter Reports

Oct 1, 2017

Former state university employee Janna Overstreet, who retired in September 2017, saved $81,994 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Overstreet would collect as much as $1.29 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Overstreet received $27,210 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Overstreet will have already received $84,103 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

Eastern Illinois University

!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