Former state university employee Marcotte paid in $58K to pension fund, could collect $464K in retirement

By East Central Reporter Reports

Aug 1, 2018

Former state university employee Sandra Marcotte, who retired in July 2018, saved $57,800 toward a pension over 4 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Marcotte would collect as much as $464,134, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Marcotte received $9,755 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 6 years of retirement, Marcotte will have already received $63,098 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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