Former state university employee Li paid in $155K to pension fund, could collect $3.19M in retirement

By Local Labs News Service

Feb 1, 2018

Former state university employee Xilao Li, who retired in January 2018, saved $155,072 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Li would collect as much as $3.19 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Li received $66,971 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Li will have already received $207,000 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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William Rainey Harper College

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