Former state university employee Shull paid in $42K to pension fund, could collect $742K in retirement

By East Central Reporter Reports

Nov 1, 2016

Former state university employee Brian Shull, who retired in October 2016, saved $42,445 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Shull would collect as much as $741,776, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Shull received $15,591 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Shull will have already received $48,191 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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