Former state university employee Andrews paid in $22K to pension fund, could collect $435K in retirement

By East Central Reporter Reports

Dec 1, 2017

Former state university employee Holly Andrews, who retired in November 2017, saved $21,828 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Andrews would collect as much as $435,297, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Andrews received $9,149 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Andrews will have already received $28,278 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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