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Sangamon Sun

Monday, November 25, 2024

Former state university employee Anisko paid in $60K to pension fund, could collect $1.7M in retirement

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Former state university employee Theodore Anisko, who retired in November 2017, saved $59,873 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Anisko would collect as much as $1.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Anisko received $35,756 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Anisko will have already received $72,585 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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