Former state university employee Brownson paid in $166K to pension fund, could collect $2.67M in retirement

By East Central Reporter Reports

Jun 1, 2017

Former state university employee Ann Brownson, who retired in May 2017, saved $166,396 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Brownson would collect as much as $2.67 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Brownson received $56,198 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Brownson will have already received $173,703 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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