Former state university employee Fisher paid in $18K to pension fund, could collect $212K in retirement

By East Central Reporter Reports

Sep 1, 2018

Former state university employee Ricky Fisher, who retired in August 2018, saved $17,509 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Fisher would collect as much as $211,577, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Fisher received $4,447 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Fisher will have already received $18,603 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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