Quantcast

Sangamon Sun

Saturday, November 23, 2024

Former state university employee Deja paid in $64K to pension fund, could collect $953K in retirement

Shutterstock 450769633

Former state university employee Mary Deja, who retired in November 2018, saved $64,012 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Deja would collect as much as $953,411, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Deja received $20,040 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Deja will have already received $83,839 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS