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Sangamon Sun

Monday, November 25, 2024

Former state university employee Leslie paid in $112K to pension fund, could collect $2.38M in retirement

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Former state university employee Robyn Leslie, who retired in July 2017, saved $112,433 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Leslie would collect as much as $2.38 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Leslie received $50,071 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Leslie will have already received $154,764 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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