Former state university employee Rogers paid in $35K to pension fund, could collect $725K in retirement

By East Central Reporter Reports

Jul 1, 2016

Former state university employee Mary Rogers, who retired in June 2016, saved $34,532 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Rogers would collect as much as $724,872, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Rogers received $15,236 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rogers will have already received $47,093 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