Quantcast

Sangamon Sun

Saturday, November 23, 2024

Former state university employee Harris paid in $184K to pension fund, could collect $4.34M in retirement

Shutterstock 267646277

Former state university employee Kathryn Harris, who retired in June 2016, saved $183,548 toward a pension over 35 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Harris would collect as much as $4.34 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Harris received $91,193 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Harris will have already received $185,122 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