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Sangamon Sun

Thursday, November 21, 2024

Former state university employee Forsuk paid in $107K to pension fund, could collect $2.13M in retirement

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Former state university employee Myriam Forsuk, who retired in March 2019, saved $106,928 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Forsuk would collect as much as $2.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Forsuk received $44,832 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Forsuk will have already received $138,571 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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