Former state university employee Bell paid in $25K to pension fund, could collect $683K in retirement

By Local Labs News Service

Jul 1, 2016

Former state university employee Ruth Bell, who retired in June 2016, saved $25,064 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bell would collect as much as $682,768, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Bell received $14,351 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bell will have already received $29,133 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Southern Illinois University At Edwardsville

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