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East Central Reporter

Tuesday, April 16, 2024

Former state university employee Green paid in $28K to pension fund, could collect $382K in retirement

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Former state university employee Tonya Green, who retired in August 2018, saved $27,610 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Green would collect as much as $382,317, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Green received $8,036 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Green will have already received $33,619 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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